Question

how long will it take for a sum of 12609 invested at 9% per annumbecome to 15624​

Answer 1

Answer:

2.5 or 2.657 years {approx.}

Step-by-step explanation:

Interest=₹3015

If Interest is simple ->

12609*9*t/100=3015

t~=2.657 years

If interest is Compound->

12609*(1+0.09)^t=15624

1.09^t=1736/1401

1.09^t~=1.24

t~=log(1.24)/log(1.09)

t~~=2.5 years

Answer 2

Answer:

Principal:- 12609

Rate:- 9%

Amount:- 15624

SI:- 15624-12609

3015

Time:- SI×100/P×R

3015×100/12609×9

13.76794353

Step-by-step explanation:

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