in what time compound interest on 4000 will be Rs.520.25 @5%Pa
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Answered by
2
Answer:
In what time compound interest on rs.4000 will be rs.520.25 @ 5%pa?
Answered by
2
Answer:
We have,
CI=Rs.630.50,P=Rs.4000,R=5%,T=?
We know that
A=P+CI=P(1+
100
R
)
T
or, 4000+630.50=4000(1+
100
5
)
T
or, 4630.50=4000(1+
100
5
)
T
or, (1+
20
1
)
T
=1.157625
or, (1.05)
T
=1.157625
or, (1.05)
T
=(1.05)
3
or, T=3 years
Step-by-step explanation:
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