Question

In how many years will rupees 750 allowed to 900 at 10% per annum? In how many years will Rs 750 amount to 900 at 10% per annum?

Answer 1

Hey there ✌̤✌̤✌̤
ᴜʀ ᴀɴꜱ ɪɴ ʜᴇʀᴇ

●INTEREST = Interest is the price paid by a borrower for the use of a lender's money.

TYPE OF INTEREST----- there are 2 type of interest--
●Simple Interest
●Compound Interest



♥Simple Interest = Simple interest is the computed on the principal for the entire period of borrowing.
Formula -----
I = Pit
A = P + I
I = A - P

here
I = Amount of Interest
P = principal ( initial value of an investment)
A = Accumulated amount ( Final value of an investment)
i = Annual interest rate in decimal
t = time in years



♥Compound Interest = compound interest as the interest that accrues when earnings for each specified period of time added to the principal thus increasing the principal base on which subsequent interest is compound.

Formula -
A = p (1 + i)^n
where,
i = Annual rate of interest
n = Number of conversion period per year
INTEREST = An - P
or
= P ( 1 + i)^n - P

Let, move to ur Question -----

ɢɪᴠᴇɴ ----
ᴩ = ₹750
ʀ = 10%
ᴛ =???
ᴀ =₹ 900

ꜱɪ = ᴀ - ᴩ
= 900 - 750
= 150

ꜱɪ = ᴩʀᴛ/100
150 = 750 ×10 × ᴛ / 100
150 × 100 / 750 ×10 = ᴛ
15000 /7500 = ᴛ
ᴛ = 2 yᴇᴀʀꜱ


750 ʙᴇᴄᴏᴍᴇꜱ 900 ɪɴ 2 yᴇᴀʀꜱ

☺☺ʜᴏᴩᴇ ɪᴛ ʜᴇʟᴩꜱ ᴜ ☺☺
♥♥ꜰᴇᴇʟ ꜰʀᴇᴇ ᴛᴏ ᴀꜱᴋ ᴀɴy qᴜᴇʀy♥♥