Question

In how many years will rupees 4000 amount to rupees 5324 at 10 percent p.a compounded annually​

Answer 1

Answer:

hence 3 years

Step-by-step explanation:

CI=p {(1+r)^n-1}

5324-4000=4000 {(1+10/100)^n}-4000

5324=4000 (1+1/10)^n

5324/4000=(11/10)^n

1331/1000=(11/10)^n  

(11/10)^3=(11/10)^n

n=3