Question

In how many years will 1000 amount to 1464.10 if the rate of interest is 10% p.a. compounded annually

Answer 1

I hope this ans will help you!!

Answer 2

In 4 years will 1000 amount to 1464.10

Step-by-step explanation:

Principal = 1000

Amount = 1464.10

Rate of interest = 10%

Formula :$A=P(1+r)^t$

Where A is amount

P is principal

r = rate of interest

t = time

$1464.10=1000(1+0.1)^t$

$\frac{1464.10}{1000}=(1+0.1)^t$

$1.4641=(1+0.1)^t$

t=4

Hence in 4 years  will 1000 amount to 1464.10

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