1.

In how many years will Rs 1600 amount to Rs 1936 at 10% annum when compounded annually?​

Answer»

Answer:

2 years

Step-by-step explanation:

r = 10%

COMPOUND interest,

<klux>CI</klux> = p({1 + (r \div 100)}^{<klux>N</klux>} - 1)

CI = 1936 - 1600 = 336 rs

336 = 1600 ({(1+r/100)}^{n} - 1)

finally we get it as ,

(121 \div 100) = {(11/100)}^{n}

{(11 \div 10)}^{2} = ({11 \div 10})^{n}

n = 2 YRS


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