in how many years will the compound intrest on ₹32000 at rate of 5% be 5044
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given,
p= 32000
r=5%
a= 32000+5044=37044
a= p(1+r/100)t
37044=32000(1+5/100)t
(1+5/100)t= 37044/32000
(21/20)t= (21/20)4
t= 4 years.
hope it helps you a lot.
thank you very much
p= 32000
r=5%
a= 32000+5044=37044
a= p(1+r/100)t
37044=32000(1+5/100)t
(1+5/100)t= 37044/32000
(21/20)t= (21/20)4
t= 4 years.
hope it helps you a lot.
thank you very much
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