Question

in how many years will rupees 7000amount to rupees 9317 at 10 per cent per annum compound interest

Answer 1

hope it will help u......

Answer 2

Heya ☺

Given that

A = ₹9,317

P = ₹7,000

R = 10 % p.a.

T = ?

Solution

A = P(1+R/100)^n

=> 9,317 = 7,000(1+10/100)^n

=> 9,317/7,000 = (100+10/100)^n

=> 1,331/1,000 = (110/100)^n

=> 1,331/1,000 = (11/10)^n

=> (11/10)^2 = (11/10)^n

=> n = 2 years



Thanks