Question

in what time period will 500 become 605 at 10 per annum .compounded annually​

Answer 1

Answer:

In 2 years, ₹ 500 will amount to ₹ 605 at 10% p.a. compounded annually.

Answer 2

Answer:

for compounded annually

A= P( 1+R/100). ^n

605=500 (1+10/100)power n

605/500= (11/10)^n

605/500= 11/10* 11/10

hence no of yrs taken is 2

Step-by-step explanation:

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