Math, asked by yashbvbvpn2237, 17 days ago

principal a 16000 amount is 1805.20 rate of interest is 5% per annum find the time compounded annually

Answers

Answered by poornimapotty

0

Answer:

Step-by-step explanation:

P= 16000

A = 1805.20

R = 5%

A= P[1+R/100]^t

1805.20 = 16000[1+0.05]^t

1805.20/16000 = (1.05)^t

0.112825 = (1.05)^t

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