Question

In what time will <1,200 amount to < 1,323 at 5% per annum when the interest is
14. Find the
3 years is 1331.
payable annually ?
5%
•17​

Answer 1

Answer:principal = Rs. 1200; A = Rs.1323; R = 5%; N = ?  

1323=1200(1+5/100)^n

(1323/1200)=(105/100)^n

(441/400)=(21/20)^n

(21/20)^2=(21/20)^n

Number of years

n= 2

Step-by-step explanation: