Question

In how many years will ₹67,000
amount to ₹88,775 at the rate of 6.5% p.a ???????​

Answer 1

Answer:

will not provide the full answer but can give you basic hints 67,000 ₹ is principle 88,775 is amount 6.5% is rate you have to find the time by simple intrest formula

Answer 2

Answer:

2 years

Step-by-step explanation:

amount=₹67,000

final amount= ₹88,775

rate = 6.5% p.a

time= t years

compounded amount=$P(1+\frac{r}{100} )^{n}$

₹88,775=$67000(1+\frac{6.5}{100} )^{t}$

₹88,775=67000$(1.065)^{t}$

$(1.065)^{t}$=1.325

t=2