Question

1 point
Q.6 The number of years in
which 3200 Rs will amount to
3528 Rs at 5% P.a compounded
annually is *
​

Answer 1

Step-by-step explanation:

P=3,200;A=3,528;r=5;n=?

A=P(1+100r)n

3,528=3,200(1+1005)n

or 3,2003,528=(100105)n

or (2021)2=(2021)n

∴n=2years.