Question

Find the time in which Rs 400 will amount to Rs 427 at 5% per annum compounded annually​

Answer 1

Answer:

Time period is 2 years approximately

Step-by-step explanation:

Amount = P(1 + R/100) ^ T

427 = 400 ( 1 + 0.05) ^ T

427 / 400 = 1.05 ^ T

1.0675 = 1.05 ^ T

T = 2 years approx.

Answer 2

Step-by-step explanation:

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