In what time will a sum of rs 3750 at 20% p.a. compounded annually amount to rs 6480
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QUESTION:
- In what time will a sum of rs 3750 at 20% p.a. compounded annually amount to rs 6480
ANSWER:
- SEE IMAGE ATTACHED
- ANSWER IS 3 Years
EXPLANATION:
- USE FORMULA
- A= P(1+R/100)^n
- Put values get value of n as 3 years
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Step-by-step explanation:
A=P(1+r/100)^n
=6480 =3750(1+20/100)^n
After cutting the numbers, we get
648/375=(1+1/5)^n
3√ 216/125=(6/5)^n
(6/5)^3= (6/5)^n
___ans 3 hours
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