in what time will 5.400 amount to 6,773.76 at 12% per annucompounded a

1.	in what time will 5.400 amount to 6,773.76 at 12% per annucompounded annually
Answer» We know that compounded Amount= CA = P((1+i)^n P = Principal Amount = 5400 i = Rate of interest Per Annum =12% n = Time =? 6773.76= 5400(1 + 12/100)^n 6773.76/5400 = (1 + 0.12)^n 1.2544 =(1.12)^n (1.12)^2 = (1.12)^n bases are equal..equate the powers n = 2 ; time taken Like my answer if you find it useful!

in what time will 5.400 amount to 6,773.76 at 12% per annucompounded annually

Answer»

We know that

compounded Amount= CA = P((1+i)^n

P = Principal Amount = 5400

i = Rate of interest Per Annum =12%

n = Time =?

6773.76= 5400(1 + 12/100)^n

6773.76/5400 = (1 + 0.12)^n

1.2544 =(1.12)^n

(1.12)^2 = (1.12)^n

bases are equal..equate the powers

n = 2 ; time taken

Like my answer if you find it useful!