in 3 years 1600 amount to 1936 at 10% p a compound intrest.
Answers
Answered by
0
Answer:
Interest for first year =
100
1600×5×1
=80
Amount after first year =1600+80=1680
Interest for second year =
100
1680×5×1
=84
Amount after second year =1680+84=1764
Interest for third year =
100
1764×5×1
=88.2
Amount after first year =1764+88.2=1852.2
Thus, time required =3years
Answered by
0
Answer:
Interest for first year =
100
1600×5×1
=80
Amount after first year =1600+80=1680
Interest for second year =
100
1680×5×1
=84
Amount after second year =1680+84=1764
Interest for third year =
100
1764×5×1
=88.2
Amount after first year =1764+88.2=1852.2
Thus, time required =3years
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