Question

If a sum of Rs.40000 at compound interest of 5% p.a. amounted to Rs.44100,find the time for which the money was invested

Answer 1

Step-by-step explanation:

let the time for which sum was invested be n

We know the formula - Amount = p(1+r/100)^n

44100= 40000(105/100)^n

44100=40000×(21/20)^n

441=400×(21/20)^n

441/400=(21/20)^n

n=2

Answer 2

Answer:

here is ur answer...

I hope it will help you... please mark me as brainlist...

thanks !!!

Regards..