Question

After how many years will a sum of rs 12500 become rs rs. 17500 at the rate of 10% per annum​

Answer 1

6 month

hStep-by-step explanation:

Answer 2

A sum of rs 12500 become rs rs. 17500 at the rate of 10% per annum​ in 3.53 years

Step-by-step explanation:

Principal = Rs.12500

Amount = Rs.17500

Rate of interest = 10% = 0.1

Formula :$A=P(1+r)^t$

Where A = Amount

P = Principal

t = time

r = rate of interest

Substitute the values in the equation :

$17500=12500(1+0.1)^t$

$\frac{17500}{12500}=(1.1)^t$

t=3.53 years

Hence A sum of rs 12500 become rs rs. 17500 at the rate of 10% per annum​ in 3.53 years

#Learn more:

Find the rate of compound interest per annum at which rs. 12500 will amount to rs. 15680 in 2 years

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