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

Question

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

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Kylie 4 months 2021-09-24T20:56:49+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-09-24T20:58:01+00:00

    Answer:

    5 years as per the the given compound interest

    0
    2021-09-24T20:58:26+00:00

    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.

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