Question

in how many years will 1250 amounts to 1352 at 4% per annum compounded annually​

Answer 1

Answer:

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Answer 2

Answer:

2 years

Explanation:

4% of 1250

4 x 1250

100

= 50

1250 + 50 = 1300

4% of 1300

4 x 1300

100

= 52

1300 + 52 = 1352

Thus, the amount 1250Rs amounts to 1352Rs when compounded annually in 2 years.

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