In how many years will ₹ 81,920 amount to 98,260 at 6¼% p.a. compounded annually?
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Answer:
Step-by-step explanation:
PRINCIPAL = ₹81,920
AMOUNT = ₹98,260
RATE=6¹/₄%
LET THE TIME BE x
SO,
WE KNOW,
A=P(1+R/100)^n
98260=81920(1+25/2*100)ˣ
98260/81920=(9/8)ˣ
I HOPE YOU UNDERSTOOD THE QUESTION
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