Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in? Options: A . &nbsp1 Year B . &nbsp2 years C . &nbsp3 Years D . &nbsp4 Years

Answer: Option B 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

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

Question

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

Options:

A . 1 Year

B . 2 years

C . 3 Years

D . 4 Years

Answer: Option B

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

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