In what time will ₹1600 amounts to ₹1764 at 5% compound annually
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p-1600
r-5%
t-n
a-1764
p(1+r/100)^n=1764
1600(105/100)^n=1764
1600(21/20)^n=1764
( 21/20)^n=1764/1600
(21/20)^n=441/400
(21/20)^n=(21/20)^2
n=2
hope this will help you
r-5%
t-n
a-1764
p(1+r/100)^n=1764
1600(105/100)^n=1764
1600(21/20)^n=1764
( 21/20)^n=1764/1600
(21/20)^n=441/400
(21/20)^n=(21/20)^2
n=2
hope this will help you
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