In what time ₹390625 amount to ₹456976 at 8% p.a. when the interest is compunded annually?
Answers
Answered by
0
Answer:
P(1+
100
μ
)
t
=A
390625(1+
100
4
)
t
=456976
(1+
100
4
)
t
=
390625
456976
(
100
104
)
t
=(
25
26
)
4
(
25
26
)
t
=(
25
26
)
4
t=4
Hence, the required time is 4 years
Answered by
0
Step-by-step explanation:
(1+
100
μ
)
t
=A
390625(1+
100
4
)
t
=456976
(1+
100
4
)
t
=
390625
456976
(
100
104
)
t
=(
25
26
)
4
(
25
26
)
t
=(
25
26
)
4
t=4
Hence, the required time is 4 years
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