In what time will 800 amount to 882 at 5% rate per annum compounded annually?

Q. Rs. 800 at 5% per annum compounded annually will amount to Rs. 882 in:
Answer: [B] 2 year
Notes: $ A = P\left ( 1+\frac{R}{100} \right )^{T}$ $ => 882 = 800\left ( 1+\frac{5}{100} \right )^{T}$ $ => \frac{882}{800} = \left ( \frac{21}{20} \right )^{T}$ $ => \frac{441}{400} = \left ( \frac{21}{20} \right )^{2}= \left ( \frac{21}{20} \right )^{T}$ ∴ T = 2 years Hence option [B] is correct answer.

Q. Rs. 800 at 5% per annum compounded annually will amount to Rs. 882 in:
Answer: [B] 2 year
Notes: $ A = P\left ( 1+\frac{R}{100} \right )^{T}$ $ => 882 = 800\left ( 1+\frac{5}{100} \right )^{T}$ $ => \frac{882}{800} = \left ( \frac{21}{20} \right )^{T}$ $ => \frac{441}{400} = \left ( \frac{21}{20} \right )^{2}= \left ( \frac{21}{20} \right )^{T}$ ∴ T = 2 years Hence option [B] is correct answer.

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General Mathematics 

General Mathematics Functions

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General Mathematics

Functions

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