## Let us calcatate in how many years will₹ 4,ooo amount to ₹ 46,656 at the rate of 8%Compound interest per annum

Question

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## Answers ( )

Answer:5 years as per the the given compound interest

Answer:P=4000

R=10%

Times =2.5 years

First take n=2 years

A=P(1+

100

r

)

n

=4000(

10

11

)

2

4000(

100

121

)

A=4840

Simple interest for last

2

1

years is

100

PRT

=

100

4840×10

×

2

1

=242

Amount after 2

2

1

year =4840+242

=5082

Compound interest =5082−4000

CI=1082.