Question

a sum of rupees 1600 at 5percent per annum compound interest amount to ruppes 1764 in​

Answer 1

Answer:

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Step-by-step explanation:

Correct option is

C

2

  A=P(1+100R)T

where, P= principle

            A= amount

            R= rate of interest

            T= number of years

Given,   P=Rs.1600 ,R=5% and A=Rs.1764

by substituting the values we get ,

⇒  1764=1600×(1+1005)T

⇒  16001764=(2021)T

⇒  400441=(2021)T

⇒  (2021)2=(2021)T

∴   T=2years.