Question

. In what time will 15625 amount to 17576 at 4% per annum compound interest?


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Answer 1

$c.i = p( {\frac{r}{100} + 1)}^{t} \\ 17576 = 15625 ({ \frac{4}{100} +1 )}^{t} \\ \frac{17576}{15625} = ({ \frac{104}{100}) }^{t}$