Question

What time will ₹5000 amount to ₹2230 at 10% per annum compounded interest

Answer 1

A quicker alternative (that will work equally well for less convenient numbers) is to use a logarithm: if bx=a then logba=x, so. log25 3125 = x = 2.5. or, if you can only calculate natural ...

Answer 2

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