Question

how long will be the sum of Rs5000 take to reach the ammount rs 8750 at the rate of 15%per annum

Answer 1

it helps you I think so

Answer 2

The sum of Rs5000 take 11.46 years to reach the ammount rs 8750 at the rate of 15%per annum

Step-by-step explanation:

Principal = Rs.5000

Amount = Rs.8750

Rate of interest = 15%

Formula: $A=P(1+r)^t$

$8750=5000(1+0.15)^t$

$\frac{8750}{5000}=1.05^t$

t=11.46

Hence The sum of Rs5000 take 11.46 years to reach the ammount rs 8750 at the rate of 15%per annum

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At what rate persent per annum compound interest will be rs.6250 ammount to 7290 in 2 years

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