Question

In what time Rs.800amount to Rs.882at5℅perannum compounded annually

Answer 1

Answer:

time 2 year

Step-by-step explanation:

882= 800(1+5/100)^t

882/800= (105/100)^t = (21/20)^t

441/400= (21/20)^t

on solving we get t= 2