In what time will Rs15625 produce Rs1951 as compound interest at 4% per annum compound interest?⟵(o_O) Please tell
Answers
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1
Step-by-step explanation:
P=Rs.15,625,CI=Rs.1,951,T=3years
A=Rs.(15,625+1,951)=Rs.17,576
A=P(1+
100
R
)
N
=15,625(1+
100
R
)
3
15,625
17,576
=(1+
100
R
)
3
(
25
26
)
3
=(1+
100
R
)
3
1+
100
R
=
25
26
or
100
R
=
25
26
−1=
25
1
or R=
25
100
=4%
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