Question

in how many years will 6750 amount to 7 8192 at 6+2/3% p.a. compounded annually? 3 2163.20 at 40% na somnounded annually?​

Answer 1

Answer:

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Step-by-step explanation:

Given :

P=6750,A=8192,r=6

3

2

=

3

20

Formula : A=P(1+

100

r

)

n

∴8192=6750(1+

3×100

20

)

n

⇒

6750

8192

=(

15

16

)

n

⇒

15×15×15×2

16×16×16×2

=(

15

16

)

n

⇒n=3

In 3 years Rs. 6750 amount to Rs. 8192 at 6

3

2

% rate compounded annually.