Math, asked by jaiswalaastha424, 5 months ago

In how many years Rs 2,000 amounts to Rs 2,420 at 10% p.a. compound interest

Answers

Answered by ps9706575

1

Answer:

2 years

Step-by-step explanation:

Principal = Rs. 2,000

Amount = Rs. 2420

Rate % = 10 %

By using formula,

2420=2000(1+10100)n

24202000=(1+110)n

121100=(1110)n

(1110)2=(1110)n

n=2 years

Hence,required time= 2 years

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