Question

in what time will rupees 16500 amount to Rupees 22935 at 13% per annum with full method ​

Answer 1

Answer:

3 yrs

Step-by-step explanation:

P = 16500

A = 22935

R = 13%

S.I. = 22935-16500=6435

S.I = P*R*T

: 6435 = 16500*13%*T

T = 6435*100/16500*13

which is 3 ..............................

Answer 2

The time is 2.7 years.

Step-by-step explanation:

To find : In what time will rupees 16500 amount to Rupees 22935 at 13% per annum ?

Solution :

Using Compound interest formula,

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

Where, P is the principal P=Rs.16500

A is the amount A=Rs.22935

r is the interest rate r=13%=0.13

t is the time

Substitute the value,

$22935=16500(1+0.13)^t$

$\frac{22935}{16500}=(1.13)^t$

$1.39=(1.13)^t$

Taking log both side,

$\log(1.39)=t\log (1.13)$

$t=\frac{\log 1.39}{\log 1.13}$

$t=2.69$

Approximately 2.7 years.

#Learn more

What a sum will amount to rupees 16500 at 5 percent annum for 2 years if the interest is compounded annually?​

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