Question

in how many years will rs.8500 amount to rs.14688 at 20 % per annum compound interest

its urgent someone send answer with steps by step ​

Answer 1

Answer:

Amount, A = Rs 10200

Rate of interest, R = 10% p.a

Concept used:

Amount = Principal + SI

And SI = PRT/100

Calculation:

⇒ 10200 = 8500 + SI

⇒ SI = 1700

⇒ Time, T = (1700 × 100)/(8500 × 10)

⇒ Time = 2 years.

∴ Time taken is 2 years.

Answer 2

Answer:

time taken is 2 year hope it helps