Question

A sum of rs 50,000 will becomes rs 55,125 at the compound interest rate of 5%

Answer 1

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

Answer 2

Step-by-step explanation:

a sum of rs 50000 will become rs 55125 at the compound interest rate of 5%