If a sum of money is increased 1/5 of it self amount to Rs 8546 in five year find the sum
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Let’s use the Exponential growth function for this:
y = a(1 + b)^x
y = Rs 8546
b = 1/5 of a, or 20%
x = 5 years
a = the initial amount = ?
8546 = a*((1 + .20)^ 5)
8546 = a*(1.20^5)
a = 8546 / 2.48832
a = Rs 3434.45 - The original sum five years ago.
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Pls mark this answer pls pls
y = a(1 + b)^x
y = Rs 8546
b = 1/5 of a, or 20%
x = 5 years
a = the initial amount = ?
8546 = a*((1 + .20)^ 5)
8546 = a*(1.20^5)
a = 8546 / 2.48832
a = Rs 3434.45 - The original sum five years ago.
Okk bye have a great day okk bye
Pls mark this answer pls pls
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