In how many years will Rs 1600 amount to Rs 1852.20 at 5% per annum wh

1.	In how many years will Rs 1600 amount to Rs 1852.20 at 5% per annum when compounded annually?
Answer» Answer: 20 Given A = 1852.20, P = 1600, R = 5%. We know that A = P(1 + r/100)^n = 1852.20 = 1600(1 + 5/100)^n 1852.20 = 1600(105/100)^n 1852.20 = 1600(1.05)^n 1852.20/1600 = (1.05)^n 1.157625 = (1.05)^n (1.05)^3 = (1.05)^n n = 3. Therefore in 3 years the rupees 1600 amount to rupees 1852.20 at 5% P.A. HOPE this HELPS! I hope this is correct and if it HELPED you please mark it brainliest.

In how many years will Rs 1600 amount to Rs 1852.20 at 5% per annum when compounded annually?

Answer»

Answer:

20 Given A = 1852.20, P = 1600, R = 5%.

We know that A = P(1 + r/100)^n =

1852.20 = 1600(1 + 5/100)^n

1852.20 = 1600(105/100)^n

1852.20 = 1600(1.05)^n

1852.20/1600 = (1.05)^n

1.157625 = (1.05)^n

(1.05)^3 = (1.05)^n

n = 3.

Therefore in 3 years the rupees 1600 amount to rupees 1852.20 at 5% P.A.

HOPE this HELPS!

I hope this is correct and if it HELPED you please mark it brainliest.

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In how many years will Rs 1600 amount to Rs 1852.20 at 5% per annum when compounded annually?

20

Given A = 1852.20, P = 1600, R = 5%.

We know that A = P(1 + r/100)^n =

1852.20 = 1600(1 + 5/100)^n

1852.20 = 1600(105/100)^n

1852.20 = 1600(1.05)^n

1852.20/1600 = (1.05)^n

1.157625 = (1.05)^n

(1.05)^3 = (1.05)^n

n = 3.

Therefore in 3 years the rupees 1600 amount to rupees 1852.20 at 5% P.A.

HOPE this HELPS!

I hope this is correct and if it HELPED you please mark it brainliest.

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