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ICSE Class 9 Answered

Find the time in years in which ₹12500 will produce ₹ 3246.40 as compound interest at 8% per annum, interest compounded annually
Asked by harshansingh92 | 09 Apr, 2024, 06:10: PM
answered-by-expert Expert Answer

C.I. = Amount - Principal

3246.40 = A - 12500

A = Rs. (12500 + 3246.40) = Rs. 15746.40

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Solving this will give the value of n, that is time in years.

 

Answered by Rashmi Khot | 10 Apr, 2024, 11:05: AM

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