Question

in what time will rupees 64000 to rupees 88360
17 and half percent per annum interest being compounded yearly ​

Answer 1

Explanation:

t=2 years

Explanation:

88360=64000(1+0.175)^

1.380625=(1.175)^

(1.175) square=(1.175)^

n=2yrs

Answer 2

Answer:

P= 64000, A= 88360, R=17½ %

S.I. for first year= 64000×35×1/100×2= 11,200 rupees

AMT. at the end of the first year = 64000+11200=75,200 rupees.

S.I. of second year= 75000×35×1/100×2= 13160 rupees.

AMT. at the end of second year= 75200+13160= 88,360 rupees.

Thus, In 2 years rupees 64000 amount to 88360 rupees at 17½% p.a. compounded.