Question

At what duration Rs. 5000 becomes Rs. 7800 at 9.5% rate of interest ? please write the method also​

Answer 1

Step-by-step explanation:

Given Rate of interest is r=8%=0.08

Principal Amount is A=5,000

Time is t years

Interest is compounded yearly twice ⟹n=2

Amount =P(1+

n

r

)

nt

=5000×(1+

2

0.08

)

2t

=5,408

(1.0816)

t

=

5000

5408

⟹t=1

❤️❤️❤️❤️❤️