Math, asked by sumitkumar66816, 4 months ago

In what time will a sum of Rs.24000 amount to Rs. 25215 at 2 1/2% compound interest

Answers

Answered by Nikitacuty

1

Answer:

2 years

Step-by-step explanation:

25215 = 24000(1 + 0.025)ⁿ

(1.025)ⁿ = 1681/1600

n log (1.025) = log(1681/1600)

n = log(1681/1600) ÷ log (1.025)

n = 2

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