in what time will 2500 amount to 3327.50 at 10% annum compound annually
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Answers
Answered by
11
A = Rs33275
P = Rs2500O
R = 10%
SI = A-P
= = 3327525000
= Rs8275
SI = PRT/100
8275 = 25000×10×T/100 T= 8275x100/25000x10 = T= 3.3 years.
Answered by
2
The time in which the amount Rs.2500 becomes Rs.3327.50 will be 3 years and 3 months or 3.3 years.
Given,
Principal = Rs.2500.
Amount = Rs.3327.50.
Rate of Interest = 10% p.a.
To Find,
Time period.
Solution,
Principal(P) = Rs.2500.
Amount(A) = Rs.3327.50.
So,
Let's find simple interest using formula,
Simple Interest (S.I.) = Amount - Principal
S.I. = 3327.50 - 2500
S.I. = Rs.826.50.
Now, using the formula of S.I.
let's find the rate of interest.
.
T = 3.3 years or 3 years and 3 months.
The time in which the amount Rs.2500 becomes Rs.3327.50 will be 3 years and 3 months or 3.3 years.
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