Solve this: Q (ii) Find the time (in years) in which Rs 12500 will produce Rs 3246 - Maths - Compound Interest

Question

Solve this:
Q (ii) Find the time (in years) in which Rs 12500 will produce Rs
3246 40 as compound interest at 8 % per annum, interest compounded
annually

Shruti Tyagi · Accepted Answer

Dear student,

We have,Principal, P = Rs 12500CI = Rs 3246
40Now, Amount, A = P + CI=12500+3246
40= Rs 15746 4Rate, R = 8% p
aLet the time = n yrsNow, A = P1+R100n⇒15746
4=125001+8100n⇒157464125000=1+225n⇒157464125000=2725n⇒3936631250=2725n⇒1968315625=2725n⇒27253=2725n⇒n=3 So, required time = 3 yrs

Regards

Solve this: Q. (ii) Find the time (in years) in which Rs. 12500 will produce Rs. 3246.40 as compound interest at 8 % per annum, interest compounded annually.

Solve this:
Q. (ii) Find the time (in years) in which Rs. 12500 will produce Rs. 3246.40 as compound interest at 8 % per annum, interest compounded annually.