Question

In how many years rupees 13000 become 17303 at 10% per annum compounded yearly

Answer 1

Answer:

3

Step-by-step explanation:

1300+1430+1573=4303

Answer 2

Let us calculate the interest every year with the rate and principle given

$SI=\frac{P\times R\times T}{100}$

$SI_{1 year}= \frac{13000\times 10\times1}{100}$

           $=1300$

$Amount=13000+1300=14300$

$SI_{2 year} =\frac{14300\times 10\times 1}{100}$

          $=1430$

$Amount=14300+1430=15730$

$SI_{3 year} = \frac{15730\times10\times1}{100}$

         $=1573$

$Amount=15730+1573=17303$

So the amount will become 17303 in 3 years

#SPJ2