the number of years in which rs 3200 Will amount to rs 3528 at 5%p.a.compounded annually is
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the number of years in which rs 3200 Will amount to rs 3528 at 5%p.a.compounded annually is
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ANSWER:
Number of years = 2years
EXPLANATION:
See the attachment for the explanation.
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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= Amount
P = Principal
r = rate of interest in decimals
t = time
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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