Question

in what time will £ 85,000 amount to £ 1,57,675 at 4.5 % p.a. ??​

Answer 1

first of all we find interest

=157675-85000=72675

now, 72675=85000*4.5*x divided by 100

=> 72675=3825x

now, x=72675/3825=19 years