Question

at the rate of 10 percent annum compounded annually how long would it take for a sum of 40000 compound to 53240​

Answer 1

Answer:

Step-by-step explanation:

53240 = 40000(1.1)^t

53240/40000 = 1.1^t

1.3310=(1.1)^t

1.331=(1.1)^t

t= 3 years

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