Question

Q3 In how many years will Rs 6250 amount to Rs 7290 at 8% per annum, compounded annually.

Q4 A scooter is bought at Rs 56000.its value depreciates at the rate of 10% per annum. What will be its value after 3 years.​

Answer 1

Answer:

3. Time =2 years

Step by step explanation

Time (T) = 2 years

Step-by-step explanation:

Given Principal (P) = Rs 6250,

Amount (A) = Rs7290,

Rate of interest (r) = 8%,

Let Time = T years

Therefore,

Time (T) = 2 years

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