Question

in what time will rupee 16800 amount to Rupees 2378 5.50 at 8 whole 3 by 4% per annum​

Answer 1

Step-by-step explanation:

P = 16,800 , An = 23,785.5 , r = 8 3/5% = 43/5%

An = P(1+nr/100)

23,785.5 = 16,800(1+n×43/5×1/100)

23,785.5/16,800 =(500+43n/500)

1.4158×500 = 500+43n

707.9017 = 500 +43n

207.9017 = 43n

n = 4.83 ~ 5

Answer 2

It will take 4.14 years for Rs.16800 amount to Rupees 2378 5.50 at 8 whole 3 by 4% per annum​

Step-by-step explanation:

Principal = Rs.16800

Amount = Rs.23785.50

Rate of interest = $8\frac{3}{4}\%=\frac{35}{4}\%$

Formula :$A=P(1+r)^t$

$23785.5=16800(1+\frac{35}{400})^t$

$\frac{23785.5}{16800}=(1+\frac{35}{400})^t$

t=4.14 years

Hence it will take 4.14 years for Rs.16800 amount to Rupees 2378 5.50 at 8 whole 3 by 4% per annum​

#Learn more:

Find the amount and the compound interest on rupees 8000 at 5% per annum for 2 years compounded annually

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