In how many years will rupees 10000 amount to rupees 14641 at rate 20 persent per annum
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principal = 10000
rate = 20% per annum
let time = t years
AMOUNT = P(1+R/100)^t
14641 = 10000(1+20/200)^t
14641/10000 =(1+1/10)^t
14641/10000 = (11/10)^t
(11/10)^4 = (11/10)^t
t= 4 half year
you question is wrong compounded half yearly aana hai
rate = 20% per annum
let time = t years
AMOUNT = P(1+R/100)^t
14641 = 10000(1+20/200)^t
14641/10000 =(1+1/10)^t
14641/10000 = (11/10)^t
(11/10)^4 = (11/10)^t
t= 4 half year
you question is wrong compounded half yearly aana hai
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