Question

in how many years would RS 430000 become RS 497778.75 at 5% p.a compund interest..?​

Answer 1

Almost 5 years. Sorry this is not my specialty.

Answer 2

Answer:

3 years

Step-by-step explanation:

using formula;-

                      future value=R [1+i]^n

                        497778.75=430000[1+0.05]^n

                         1.157625=[1.05]^n

                        taking log on b/s

                       log(1.157625)=n log(1.05)

                             n=0.06357/0.02119

                                 n=3 answer