Question

19. In how many years, will a sum of 25600.
becomes 50000 at a rate of 25% per annum
compounded annually?
7
1
(1)
year
(2) 1 year
2
(3) 2 years
(4) 3 years​

Answer 1

Answer:

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Answer 2

Answer:

3 years

Step-by-step explanation:

let the number of years be n

A=P(1+R/100)^n

50000= 25600(1+ 25/100)^n

50000/25600= 5/4^n

125/64= 5/4^n

125/64= 5³/4³

Hence n=3

ans. 3 years, Hope this helps you:)