in how many years will rupees 2000 amount to rupees 2420 at 10% per annum compound interest
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Answered by
30
Given,
P= Rs 2000
A= Rs 2420
R= 10 %
A = P(1 + R/100)ⁿ
⇒ 2420 = 2000(1 + 10/100)ⁿ
⇒2420/2000 = (11/10)ⁿ
⇒ 121/100 = (11/10)ⁿ
⇒ (11/10)² = (11/10)ⁿ
⇒ n = 2
∴In 2 years rupees 2000 will amount to rupees 2420 at 10% per annum compound interest.
P= Rs 2000
A= Rs 2420
R= 10 %
A = P(1 + R/100)ⁿ
⇒ 2420 = 2000(1 + 10/100)ⁿ
⇒2420/2000 = (11/10)ⁿ
⇒ 121/100 = (11/10)ⁿ
⇒ (11/10)² = (11/10)ⁿ
⇒ n = 2
∴In 2 years rupees 2000 will amount to rupees 2420 at 10% per annum compound interest.
Answered by
6
Answer:
Given, P= Rs 2000 A= Rs 2420 R= 10 %
A = P(1 + R/100)"
2420 = 2000(1 + 10/100)"
2420/2000 = (11/10)"
121/100 = (11/10)"
(11/10)? = (11/10)" n = 2
Step-by-step explanation:
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