After how many years will rs 1600 bcomes rs 2025 pa 12.5%interest being compouded annually
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P = 1600
A = 2025
Rate of interset = 12.5/100 change to 125/1000 as point is removed and present at tens place so we multiply 100 by 10 = 1000.
A = P(1+R/100)n
2025 = 1600(1+125/1000)n
2025/1600 = (9/8)n
(9/8)2 = (9/8)n
n = 2 year
A = 2025
Rate of interset = 12.5/100 change to 125/1000 as point is removed and present at tens place so we multiply 100 by 10 = 1000.
A = P(1+R/100)n
2025 = 1600(1+125/1000)n
2025/1600 = (9/8)n
(9/8)2 = (9/8)n
n = 2 year
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