Question

in what time will Rs 8192 amount to Rs 11664 at 12.5% p. a. compound interest​

Answer 1

Answer:

After Year 1 = 8192 * (1 + 12.5%) = 9216

After Year 2 = 9216* (1 + 12.5%) = 10368

After Year 3 = 10368 * (1 + 12.5%) = 11664

Answer = 3 years