Question

5. Find the number of years after which
(1) a sum of Rs 3,500 will become Rs 4,390.40 at the compound rate of 12%
(11) a sum of Rs 50,000 will become Rs 55,125 at the compound interest rate of 5%​

Answer 1

Answer:

let years=y

P=3500

A=4390.4

R=12%

SI=4390.4-3500=890.4

SI=P×R×T/100

890.4=3500×12×y/100

890.4=420y

y=2.12 years

Hope it Helps!!

Answer 2

y=12.2

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