In how many year will 800 rupees amount to 882 rupees at 5 percent p.a. compound annually? reply fast
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Principal =₹800
Amount =₹882
Rate of interest =5%
Therefore, let the time be t yrs
According to the question,
A = P(1+R /100)^t
₹882 = ₹800(1+5/100)^t
882/800 = (21/20)^t
441/400 = (21/20)^t
(21/20)^2 = (21/20)^t
Now,base is same so t=2
Time =2 years.
Hope it helps u
In case of any doubt pls comment
Pls mark my answer as brainliest.
Amount =₹882
Rate of interest =5%
Therefore, let the time be t yrs
According to the question,
A = P(1+R /100)^t
₹882 = ₹800(1+5/100)^t
882/800 = (21/20)^t
441/400 = (21/20)^t
(21/20)^2 = (21/20)^t
Now,base is same so t=2
Time =2 years.
Hope it helps u
In case of any doubt pls comment
Pls mark my answer as brainliest.
komalkomal156:
what is the meaning of ^
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