13. In how much time 3500 will amount to 3850 at 5% per annum?
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Answered by
1
Answer:
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Answered by
7
Answer:
2 yrs
Step-by-step explanation:
Here Principal (P)= 3500 Amount(A)=3850 Rate(R)= 5%
Using A=P(1+(RT)/100)
=>3850=3500(1+(5T)/100)
=>3850/3500=(1+T/20)
=>(385*20)/350=20+T
=>T=22-20
=>T= 2 years.
Hope this helps you.
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