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Ex mple 13: In what time will5,400 amount to6,773.76 at 12% per annum compound |
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AnswerΒ» π¬ππππππππππ We know that formula for compund interest=A=P(1+R/100)^nwhere π΅ ππ πππ ππππso 6773.76= 5400(1+12/100)^n=>112/100^n=677376/5400Γ100=>112/100^n=12544/1000=>n=2 |
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