Question

In how many years Rs. 5,000 will get a compound interest of Rs.1,050 at 10% per annum​

Answer 1

Answer:

2 years

Step-by-step explanation:

here A=5000+1050=6050

P=5000

R=10%

n=number of years=?

A=p(1+ R/100)^n

6050=5000(1+ 10/100)^n

if we solve this then we get

(11/10)^2=(11/10)^2

so,n=2 that is number of years is equal to 2 years