Question

Find the time period when rupees 6250 and amount of rupees 787 3.20 at 8% per annum compounded annually


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Answer 1

Answer:

2years

Step-by-step explanation:

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Answer 2

Answer:

Given ⇒ A=Rs. 7290

P=Rs. 6250

R=8%

To Find ⇒ n=?

By using the formula to calculate compound interest,

n=2

So, in 2 years Rs. 6250 will amount to Rs. 7290.