Question

in what time will 15,625 amount to rs.17,576 at 4% per annum compound interest​

Answer 1

Answer:

4,5 years

Step-by-step explanation:

Answer 2

Here P = Rs.15625, A = 17576, r = 4%

Now,

P(1+r100)t = A

⇒

15625(1+4100)t

= 17576

⇒

(2625)t

=

1757615625

=

(2625)3

By comparing powers, t = 3

Hence time is 3 years.

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