In how many years will ₹1800 amount to ₹2178 at 10%per annum Compounded annually. 

Asked by Cl_narayan | 12th Dec, 2019, 09:24: PM

Expert Answer:

Given that P = Rs. 1800, A = Rs. 2178, i = 10% p.a.
 
A = P(1 + i)n
2178 = 1800(1.1)n
1.1n = 1.21
1.1n = 1.12 
n = 2
In 2 years will ₹1800 amount to ₹2178 at 10%per annum Compounded annually. 

Answered by Sneha shidid | 13th Dec, 2019, 09:52: AM