Question

find the time in which a sum of rupees 4000 amounts to Rupees 4410 at 5% per annum if the interest is compounded annually ​

Answer 1

Step-by-step explanation:

principal -4000

amount-4410

rate of interest - 5%per annum

amount =SI + P

amount =P×R×T ÷100 + principal

4410=4000×5×T + 4000

4410=20×T+4000

4410-4000=20×T

410=20×T

410÷20=T

T=2.5