Question

C) In what time will ₹ 4000 amount to ₹ 5324 at 10% compound

interest per annum.?​

Answer 1

Step-by-step explanation:

Hence Rs 4000 amounts to Rs 5324 at 10% per annum compound interest in 3 years.

Answer 2

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Given that, P=Rs. 4000,A=Rs. 5324 and R=10%

Let the time be T years

We know that, for compound interest,

A = (P × R/100)^T

→ 5320 = 4000 × ( 1 + 1/100)^T

→ T = 3 years

Hence, Rs. 4000 will amount to Rs. 5324 at 10% per annum in 3 years.