asked 76.3k views
1 vote
In how many years will Rs4000 amount to Rs5324 at 10% per annum compounded annually

asked
User Yinka
by
7.9k points

1 Answer

7 votes

4000 × 1.1 (to the power of the number of years)

keep substituting values as the power of time till it gives you 5324.

the answer will be the number u subsituted to get this.


4000 * {1.1}^(years)

answered
User Michael Mangold
by
8.3k points
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