Question

Find the time in which Rs.1,200 will amount to Rs.1,536 at 3•5% per year

Answer 1

Answer:

A= p(1+r/100)n

1536=1200(1+3.5/100)

1536/1200=(100+3.5/100)

simplify it further you will both l.h.s and r.h.s equal therefore the property of exponents will be applied