Question

p=2,50,000
A = 291600
R=8p.c.p.a.

N = ?​

Answer 1

Step-by-step explanation:

A=p(1+R/100)^N

291600=250000(1+8/100)^N

291600/250000=(1+2/25)^N

729/625=(27/25)^N

(27/25)^2=(27/25)^N

.

. .N=2 years