In what time will 25000 amount to 35000 at 6% compounded quarterly Ans (given in the - Applied Mathematics - Financial Mathematics

Question

In what time will ?25000 amount to ?35000 at 6% compounded
quarterly?

Ans (given in the book)- 5 65 years

Atul Shaw · Accepted Answer

Dear student,A=P1+rk100knHere, A=Rs
 35000; P=Rs
 25000; r=6%; n=?; k=435000=250001+641004n3500025000=100+641004n75=1
0154n1 414=1 015n1 0878=1 015nlog (1 0878)=n log(1
015)n=log (1 0878)log(1 015)=0 03650 00647n=5 65yrRegards

In what time will ?25000 amount to ?35000 at 6% compounded quarterly? Ans (given in the book)- 5.65 years

In what time will ?25000 amount to ?35000 at 6% compounded quarterly?

Ans (given in the book)- 5.65 years