Question

In how many years will 1,25,000 amount to 1,488,77 at 6% per annum compounded annually?​

Answer 1

Answer:

3 years

Step-by-step explanation:

$\bf{\huge\mathcal{\boxed{\rm{\mathfrak\blue{Hey Mate:}}}}}$

1,488,77=1,25,000(1 + 3/50)^n

1,488,77/1,25,000 = (53/50)^n

(53/50)^n = (53/50)^3

n=3