calculate the amount and compound interest on (A) Rs.800 for 2 and half years at 10% per annum compounded annually
Answers
Answered by
0
Let the time be n years. Then,
⇒800×(1+
100
5
)
2n
=926.10
⇒(1+
100
5
)
2n
=
8000
9261
⇒(
20
21
)
2n
=(
20
21
)
3
⇒2n=3
⇒n=
2
3
∴n=1
2
1
years.
Similar questions