Question

In what time will * 1500 yield * 496.50 as compound interest at 10% per annum
compounded annually?
(ii) Find the time (in years) in which 12500 will produce *3246.40 as compound
interest at 8% per annum, interest compounded annually.
dod remiannually, amounts to 18522. Find the​

Answer 1

Answer:

P=Rs1,500

C.I.=Rs496.50

A=P+C.I.=1,500+496.50=Rs1996.50

On interest being compounded for N years,

Amount=P(1+R/100)^N

1996.50=1500×(1+10/100)^N

1996.50/1500=(11/10)^N

1331/1000=(11/10)^N

11^3/10^3=(11/10)^N

N=3 years

Step-by-step explanation:

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