Question

After how many years will RS 1600 becomes RS 2025 at 12.5% p.a. interest being compounded annually

Answer 1

Answer:

Step-by-step explanation:

Answer 2

After two years will Rs.1600 becomes Rs.2025 at 12.5% p.a. interest being compounded annually .

Step-by-step explanation:

Using compound interest formula,

$A=P(1+\frac{r}{n})^{nt}$

Where,

Amount = A = Rs.2025  

Principal = P = Rs.1600

Rate of interest = r = 12.5%

No. of compounds per year = n = 1

Substitute the values in the formula ,

$2025=1600(1+\frac{12.5}{100})^{t}$

$t=2$

Hence After two years will RS 1600 becomes RS 2025 at 12.5% p.a. interest being compounded annually

#Learn more :

After how many years will rupees 1600 become 2025 at 25 by 2% per annum compounded annually

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