Question

Rs. 7500 becomes Rs. 9408 in a certain interval of time at the rate of 12% p.a.,C.I find the time​

Answer 1

Answer:

Amount (A) = Rs.9408

Principal (P) = Rs.7500

Rate (R) = 12% p.a.

Let the time be n.

A = P (1 + R/100)ⁿ

=> 9408 = 7500 (1 + 12/100)ⁿ

=> 9408/7500 = (112/100)ⁿ

=>