Question

please please please solve this problem​

Answer 1

Answer:

We know that

compounded Amount= CA = P((1+i)^n

P = Principal Amount = 5400

i = Rate of interest Per Annum =12%

n = Time =?

6773.76= 5400(1 + 12/100)^n

6773.76/5400 = (1 + 0.12)^n

1.2544 =(1.12)^n

(1.12)^2 = (1.12)^n

bases are equal..equate the powers

n = 2 ; time taken

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Answer 2

Answer:

6.64

Step-by-step explanation:

T=(I×100) ÷(P×R)