Question

In how much time, will Rs. 400 amount to Rs. 441 at 5% p.a. , if the interest is compounded annually?​

Answer 1

Step-by-step explanation:

Principal = ₹ 400

Amount = ₹ 441

therefore, interest = amount - principal

441 - 400 = 41, so ₹41 is the interest.

Time = l × 100 41 × 100 41

________ = ________ = ___ = 2 1/2

P × R 400 × 5 20