Question

in how many years will rupees 16000 amount to rupees 17640 at the rate 5% per annum compounded annually
​

Answer 1

Answer:

P=16000 ,A=176400 ,T=2years

Let rate be R%

A=P(1+100R)T

17640=16000(1+100R)2

1600017640=(1+100R)2

=>(4042)2=(1+100R)2

=>4042=1+100R

=>100R=2021−1

=201

=>R=20100=5%

Hence, Rate = 5% p.a.

HOPE THIS HELPS YOU BUDDY PLEASE MARK ME THE BRANILIEST AND FOLLOW ME.