Question

Quantity
I. In what time will Rs. 48,000 amount to Rs. 52,920 @ 5% compound interest? Quantity
II. In what time will Rs. 50,000 amount to Rs. 53060.40 @ 4% compound interest payable half-yearly?

Q: Answer-Quantity I. In what time will Rs. 48,000 amount to Rs. 52,920 @ 5% compound interest? Quantit...

Quantity I. A P1 R100t 52,920 48,000 1 5100t 52,92048,000 2120t 441400 2120t 21202 2120t t 2 years Quantity II. Since interest is compounded half-yearly, R 422 p.a. and T 2xt 2t years A P1 R100t 53060.40 50,0001 21002t 53060.4050,000 1021002t 51503 51502t 2t 3 yrs t 32 years Hence Quantity I Quantity II