in how many years will rupees 125000 amount to rupees 148877 if the rate of interest is 6 percent p. a. compounded annually
raazz82:
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Answers
Answered by
11
GIVEN,
P=125000
A=148877
R=6%
N=?
SOLUTION:
A=P(1+R/100)N
148877=125000(1+6/100)N
148877/125000=(106/100)N
148877N/125000=106/100
148877N=106×125000/100
148877N=132500
N=132500/148877
N=11.1 month
P=125000
A=148877
R=6%
N=?
SOLUTION:
A=P(1+R/100)N
148877=125000(1+6/100)N
148877/125000=(106/100)N
148877N/125000=106/100
148877N=106×125000/100
148877N=132500
N=132500/148877
N=11.1 month
Answered by
5
N = 11.1 months
This is ur ans
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