calculate the time in which ₹6000 will amount to ₹7986 at 10% compound annually
Attachments:
Answers
Answered by
2
Answer:
Given:
Principal = 6000
Amount = ₹7986
Rate(R) = 10 per annum compounded annually.
To do:
We have to calculate the time.
Solution:
Let the time be .
We know that,
Amount (A) = P Given:
Principal (P)=6000
Amount =Rs. 7986
Rate (R)=10 per annum compounded annually.
To do:
We have to calculate the time.
Solution:
Let the time be n.
We know that,
Amount (A) = P[1+R/100]ⁿ
Therefore,
7986 = 6000[1+10/100]ⁿ
7986 = 6000[1+0.1]ⁿ
7986/6000 = (1.1)ⁿ
1.331 = (1.1)ⁿ
(1.1)³ = (1.1)ⁿ
Comparing both sides, we get,
n = 3
Therefore, in 3 years Rs. 6000 amounts to Rs. 7986 at 10% p.a. compounded annually.
Answered by
3
Answer:
I hope it helped ans-C answer in the attachement
Attachments:
Similar questions