A sum of rs 50,000 will becomes rs 55,125 at the compound interest rate of 5%
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15
Answer:
2 periods of time
Step-by-step explanation:
question is not complete , but period ?
A= P(1+r/100)ⁿ is the formula used .
55125= 50000(1+5/100)ⁿ
=[ (105)/100]ⁿ = 55125 / 50000
=( 105/100)ⁿ= ( 11025/10000) = (105/100)²
comparing the exponent
n = 2 periods of time
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0
Step-by-step explanation:
a sum of rs 50000 will become rs 55125 at the compound interest rate of 5%
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