Sahil Sunil invested 8192 at the rate of 12.5% per annum compounded annually he received amount 13122 after year
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Answer:
Calculate:
Time (t)
Where: t = log(A/P) / n[log(1 + r/n)]
Total P+I (A): $ 13,122.00
Principal (P): $ 8,192.00
Rate (R): % 12.5
Compound (n): Compounding Annually (1/Yr)
Answer:
t = 4 years
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