Question

In what time will 15625 amount to 17576 at 8 % p.a compound interest,interest being added semianually

Answer 1

Answer:

Step-by-step explanation:

principal=15625

r=8%

amount=17576

amount=p(1+(r/100))^n             (where n is time)

amount=15625(1+(8/100))^n

17576=15625((100+8)/100)^n

17576/15625=(108/100)^n