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Ex mple 13: In what time will5,400 amount to6,773.76 at 12% per annum compound

AnswerΒ»

π‘¬π’™π’‘π’π’‚π’π’‚π’•π’Šπ’π’

We know that formula for compund interest=A=P(1+R/100)^nwhere 𝑡 π’Šπ’” 𝒕𝒉𝒆 π’•π’Šπ’Žπ’†so 6773.76= 5400(1+12/100)^n=>112/100^n=677376/5400Γ—100=>112/100^n=12544/1000=>n=2



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