in how many time will the sum of money amount to 4/3 of it self at 40/3 % per annum​

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in how many time will the sum of money amount to 4/3 of it self at 40/3 % per annum​

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Parker 1 month 2021-08-13T14:57:47+00:00 1 Answer 0 views 0

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    2021-08-13T14:59:33+00:00

    Let principal be 100

    Amount = 4/3 x 100 = 400/3

    Interest = 400/3 – 100

    = 400-300/3

    = 100/3

    I = (P x R x T) / 100

    100/3 = (100 x 40 x T) / (3 x 100)

    T = (100 x 3 x 100)/(3 x 100 x 40)

    T = 2.5 yr

    T = 2 yr 6 months

    Hope it helps 🙂

    Pls mark as brainliest 🙂

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