In what time will rupees 5000 amount to rupees 6655at 10% per annum compounded annualy ?
Answers
Answered by
1
Answer:
Compound Interest = P(1+ \frac{R}{100})^n - PP(1+
100
R
)
n
−P
Compound interest =Rs. 6655 , Principal amount = Rs. 5000 , rate of interest = 10%pa.
Substituting in the formula , we get
6655 = 5000(1+ \frac{10}{100})^n - 50005000(1+
100
10
)
n
−5000
6655 + 5000= 5000 (1.1)^n(1.1)
n
11655 = 5000 (1.1)^n(1.1)
n
(1.1)^n(1.1)
n
= 11655 / 5000
(1.1)^n(1.1)
n
= 2.331
(1.1)^n(1.1)
n
= (1.1)^3(1.1)
3
On comparing both sides , we get
n = 3
Therefore , the time period is 3 years.
Answered by
0
Answer:
their are two main type in tides high tide and low tide
Similar questions