The time in which rupees 6000 amounts to rupees 7986 at 10% per annum compounded annually.

Question

The time in which rupees 6000 amounts to rupees 7986 at 10% per annum compounded annually.

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Charlie 1 month 2021-08-17T17:11:04+00:00 2 Answers 0 views 0

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    0
    2021-08-17T17:12:05+00:00

    Answer:

    after 3 years it will become 7986

    0
    2021-08-17T17:12:23+00:00

    Answer:

    Time = 3 years

    Step-by-step explanation:

    Amount = ₹7986

    Principal = ₹6000

    Rate = 10%

    Time = n years

    Amount = P(1+r/100)ⁿ

    ₹7986 = ₹6000(1+10/100)ⁿ

    7986/6000 = (110/100)ⁿ

    1331/1000 = (11/10)ⁿ

    (11/10)³ = (11/10)ⁿ

    Bases are same, Power will also be same

    3=n

    Time = 3 years

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