Question

in what time will rs 5000 rs 6498 at 14 p.a compounded annually​

Answer 1

Answer:

1 year

Step-by-step explanation:

Given Rate of interest is r=8%=0.08

Principal Amount is A=5,000

Time is t years

Interest is compounded yearly twice ⟹n=2

Amount =P(1+

n

r

)

nt

=5000×(1+

2

0.08

)

2t

=5,408

(1.0816)

t

=

5000

5408

⟹t=1

Answered By Ambati Rayudu(Rithiesh)