Question

. Find the time period during which a sum of 15,500 amounts to 19097.55 at
11%per annum compounded annually​

Answer 1

Step-by-step explanation:

Answer:

{1+r/100}^n=19097.55/15500

{111/100}^n=12321/10000

{111/100}^n={111/100}^2

n=2

so in 2 years

can be..

Answer 2

Answer:

Solution :

Principle amount=10,000<br> Time=1.5 years= 3 half years<br> Interest rate=10% per year=5% per half year<br>

<br>

A=11576 Rs