in how many years will rupees 800 compound to rupees 882 at 5% per annum compounded annually
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In 2 Years.
800 Price.
1st year interest @ 5% is 40.
Now price is 800 + 40 = 840.
2nd year interest @ 5% is 42.
Now Price is 840 + 42 = 882.
So the Ans is 2 Years.
800 Price.
1st year interest @ 5% is 40.
Now price is 800 + 40 = 840.
2nd year interest @ 5% is 42.
Now Price is 840 + 42 = 882.
So the Ans is 2 Years.
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