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

A. 2 years
B. 4 Years
C. 1 Year
D. 3 Years

Time be t years 882 = 800 (1 +5/100) t

=> 882/800 =(21/20) t

(21/20) 2 = (21/20) t

=> t = 2 Therefore,

Time = 2 years

Leave a Reply

Your email address will not be published. Required fields are marked *