Question

in how much time 5000rs amount to 6655rs at 10% compound interest​

Answer 1

principal=5000

rate=10%

amount=6655

$6655 = 5000 \times( \frac{110}{100} ) ^{x} \\ \\ \\ 6655 \div 5000 = ( \frac{11}{10} ) ^{x} \\ \\ = > \: \frac{1331}{1000} = (\frac{11}{10} ) ^{x}$

=> 3=x

hope it works ✌️

Answer 2

Answer: 3 years

Step-by-step explanation:

Given, P=5000, A=6655, R=10%,T=?

Formula of compound interest=

A=Px(1+r/100)'n. (n indicates time)

6655=5000(1+10/100)'n

6655/5000=(11/10)'n

1331/1000=(11/10)'n

(11/10)'3=(11/10)'n

n= 3 years

Thankyou...