Math, asked by sumangagrai1999, 2 months ago

find the number of years after which a sum of Rs 3500 will become Rs 4390.40 at the compound rate of 12%

Answers

Answered by prasanthikuchipudi

1

Answer:

2 years

Step-by-step explanation:

sum 3500 will become 4390.40

Difference 4390.40-3500=890.4

CI for 1 year 12% of 3500=420

CI for 2nd year 12% of (3500+420)=3920

12% of 3920=470.4

CI total=420+470.4=>890.4

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