Question

At what time will 5400 yield 1373.76 as compound interest at 12%per annum

Answer 1

Answer:

Time is = 2

Step-by-step explanation:

A = P(1+R/100)n

5400 = 1323.76 (1+12/100)n

5400/1323.76 = (112/100)n

625/159 = (28/25)n

1.2544 = (112)n

n = 2 years

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