Question

IN WHAT TIME RS 100000 amount will be RS 121000 AT THE RATE OF 10% P.A COMPOUNDED ANNUALLY.FIND IT​

Answer 1

Answer:

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in 2 year

Answer 2

Answer:

By using formula:

A = 121000

P = 100000

R= 10%

T(n) = ?

A = P(1+r/100)^n

121000 = 100000(1+10/100)^n

121000 = 100000(1+1/10)^n

121000 = 100000((10+1)/10)^n

121000 = 100000(11/10)^n

121000/100000 = (11/10)^n

121/100 = (11/10)^n

(11/10)^2 = (11/10)^n

Base is same

Therefore, n(time) = 2years

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