Exercise 9.6poundually,nd the 7 How long will it take for Rs 40000 to4

1.	Exercise 9.6poundually,nd the 7 How long will it take for Rs 40000 to4177.20 in 2 years. What was the suinvested ?become Rs 44100 at 5% annual compoundinterest ?Find the compound interest and amount ifRs 16000 is borrowed from a financecompany for 3 years at 5% per annum.at 5%8,t 490
Answer» principle -40000amount- 44100rate- 5% amount=p (1+r/100)n44100=40000 (1+5/100)n44100/40000=(1 + 1/20)n44100/40000= (21/20)n(21/20)^2 = ( 21/20)n2 years = time

Exercise 9.6poundually,nd the 7 How long will it take for Rs 40000 to4177.20 in 2 years. What was the suinvested ?become Rs 44100 at 5% annual compoundinterest ?Find the compound interest and amount ifRs 16000 is borrowed from a financecompany for 3 years at 5% per annum.at 5%8,t 490

Answer»

principle -40000amount- 44100rate- 5%

amount=p (1+r/100)n44100=40000 (1+5/100)n44100/40000=(1 + 1/20)n44100/40000= (21/20)n(21/20)^2 = ( 21/20)n2 years = time