Question

In how many years will rs 2000 amount to rs 2163.20 at 4% p.a. compounded annually?

Answer 1

Answer:

P=2000,A=2163.20,R=4%,T=?

A=P(1+R/100)^n

2163.20=2000(1+4/100)^n

216320/2000*100=(104/100)^n

10816/10000=(104/100)^n

(104/100)^2=(104/100)^n

So n=2 years

Answer 2

Answer:

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