Question

in what time will rs 5000 amount to rs 5832 at 8% rate of compound interest pa?​

Answer 1

Answer:

2 years

Step-by-step explanation:

S O L U T I O N :

Principal, (P) = Rs.5000

Amount, (A) = Rs.5832

Time, (n) = 2 years

As we know that formula of the compounded annually;

A/q

Thus,

The rate percent of compounded annually per annum will be 8% . Then the time 2 years.

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Answer 2

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