in how many years the amount for rs 10000 becomes rs 12100 at 10% compound in terest
Answers
Answered by
1
C.I.=P(1+R/100)^n
Here P = PRINCIPLE
R = RATE OF INTEREST
N = NO. OF YEAR
GIVEN:
P = 10000
C.I. =12100
R = 10%p.a.
n = ?
so put in equation
12100= 10000(1+10/100)^n
12100=10000(1+1/10)^n
12100= 10000(11/10)^n
12100/10000=(11/10)^n
121/100=(11/10)^n
(11/10)^2=(11/10)^n
as base are same of powers are:
2=n
so we have time = 2 YEARS
Answered by
1
Answer:
solution, let the time =2 years
principal =10000
rate=10%
CA =p(1+r/100)^t
=10000(1+10/100)^2
=10000×1.1^2
=10000×1.21
=12100
hope it's helpful...
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