find the time in which rupees 1800 amounts to rupees 2178 at 10•|• per annum compounded annualy
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Answered by
3
2178 = 1800(1+10/100)^n (The formula is P(1+r/100)^n)
2178/1800 = (1+10/100)^n
121/100 = (11/10)^n
(11/10)^2 = (11/10)^n
n = 2.
Answered by
0
2178 = 1800(1+10/100)^n (The formula is P(1+r/100)^n)
2178/1800 = (1+10/100)^n
121/100 = (11/10)^n
(11/10)^2 = (11/10)^n
n = 2.
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