Question

In how many years will 3375 become 4096 at 13 1/3 p.a if the interest is compounded yearly

Answer 1

Answer:

1.5 years

Step-by-step explanation:

A = P [1+ R/100]ⁿ

Thus, in 1.5 years rs 3375 become rs 4096 at 13 1/3 percentage p.a. where the interest is compounded half-yearly