how many years 3800 amount to 3860.80 at 4% per annum simple interest
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Answered by
1
A.T.Q
3860.80 = 3800(1+4/100)^n
3860.80 = 3800(26/25)^n
3860.80/3800 = (26/25)^n
3860.80 = 3800(1+4/100)^n
3860.80 = 3800(26/25)^n
3860.80/3800 = (26/25)^n
Answered by
1
I=PNR/100
3860.80=3800*N*4/100
386080/4*3800=N
25.4=N
3860.80=3800*N*4/100
386080/4*3800=N
25.4=N
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