in what time 1000 amounts to 1,331 at 10% p.a. compounded annually? (i) 2 years (ii) 3 years (ii) 3.5 years (iv) 8 years Question in what time 1000 amounts to 1,331 at 10% p.a. compounded annually?(i) 2 years (ii) 3 years(ii) 3.5 years (iv) 8 years in progress 0 Math Ariana 3 weeks 2021-08-21T14:37:39+00:00 2021-08-21T14:37:39+00:00 2 Answers 0 views 0

## Answers ( )

Answer:3.5

Step-by-step explanation:i hope will helpful

Answer:3 years

Step-by-step explanation:P( 1+R/100)^T= AWhere P= principal= 1000;

R= rate= 10%

A= Amount=1331

and T=time= ?

1000( 1+ 10/100)^T = 13311000( 1+ 10/100)^T = 1331(1+ 1/10)^T= 1331/10001000( 1+ 10/100)^T = 1331(1+ 1/10)^T= 1331/1000(11/10)^T = (11/10)^31000( 1+ 10/100)^T = 1331(1+ 1/10)^T= 1331/1000(11/10)^T = (11/10)^3hence T = 3 years