in what time rupees 800 amount to rupees 882 and the rate of 5% per annum compound annually
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Answered by
21
Heya ☺
Given that
A = ₹882
P = ₹800
R = 5 % p.a.
T = ?
Solution
When the interest is compounded annually
A = P(1+R/100)^n
=> 882 = 800(1+5/100)^n
=> 882/800 = (100+5/100)^n
=> 441/400 = (105/100)^n
=> (21/20)^2 = (21/20)^n
=> n = 2 years
Thanks
Given that
A = ₹882
P = ₹800
R = 5 % p.a.
T = ?
Solution
When the interest is compounded annually
A = P(1+R/100)^n
=> 882 = 800(1+5/100)^n
=> 882/800 = (100+5/100)^n
=> 441/400 = (105/100)^n
=> (21/20)^2 = (21/20)^n
=> n = 2 years
Thanks
missMariya1:
thanks
Answered by
4
C = p(1+r/100)^n
882/800 = (1+5/100)^n
441/400 = (21/20)^n
N = 2 because 441/400 = (21/20)^2
882/800 = (1+5/100)^n
441/400 = (21/20)^n
N = 2 because 441/400 = (21/20)^2
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