Question

the number of years in which rs 3200 Will amount to rs 3528 at 5%p.a.compounded annually is ​

Answer 1

HELLO!!

ANSWER:

Number of years = 2years

EXPLANATION:

See the attachment for the explanation.

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Answer 2

The number of years in which rs 3200 Will amount to rs 3528 at 5%p.a.compounded annually is ​2 years .

Step-by-step explanation:

Principal = Rs.3200

Amount = Rs.3528

Rate of interest = 5% =0.05

Formula : $A=P(1+r)^t$

A= Amount

P = Principal

r = rate of interest in decimals

t = time

$3528=3200(1+0.05)^t\\\frac{3528}{3200}=1.05^t\\1.1025=1.05^t\\1.05^2 = 1.05^t$

So, t =2

Hence the number of years in which rs 3200 Will amount to rs 3528 at 5%p.a.compounded annually is ​2 years .

#Learn more:

Find compound interest on Rs.4000 for 6 months at 20% per annum compounded quarterly.

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