An amount of 6,480RS has to be returned for a sum of 5120RS borrowed at 25/2% compounded annually find the time after which this amount is returned solve step wise step
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LET THE TIME BE *
A=6480
R=25/2%
P=5120
therefore A=P(1+R BY 100)*
6480=5120(1+25/2/100)*
6480/5120=(1+1/8)*
81/64=(9/8)*
(9/8)²=(9/8)*
THEREFORE * = 2
A=6480
R=25/2%
P=5120
therefore A=P(1+R BY 100)*
6480=5120(1+25/2/100)*
6480/5120=(1+1/8)*
81/64=(9/8)*
(9/8)²=(9/8)*
THEREFORE * = 2
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