Rs. 800 at 5% per annum compound interest will amount to Rs. 882 in?

Question

Accepted Answer

Let time be t years ∵ 882 = 800( 1 +5/1000)t ⇒ 882/800 = (21/20)t ⇒ (21/20)2 = (21/20)t ⇒ t =2 ∴ Time = 2years

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