Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
Step-by-step explanation:
So it's a one line question. But a lot of information provided in one line. Let's check what's that!
Given: Amount (A) is Rs. 30000, Principal (P) is Rs. 2400 and rate (R) is 10% p.a.
To find: Time (t).
Solution: Using the very basic formula: A = P (1 + R/100)^t
Simply plugin the values in above formula to get the value of time (t).
Let's dive in!
⇒ A = P (1 + R/100)^t
⇒ 30000 = 2400 (1 + 10/100)^t
⇒ 30000 = 2400 (1 + 1/10)^t
⇒ 30000 = 2400 (11/10)^t
⇒ 30000/2400 = (11/10)^t
⇒ 300/24 = (11/10)^t
⇒ 25/2 = (11/10)^t
Seems like there's something wrong in question. Because to get the value of time there should be equivalent values which ain't. So let's continue with the calculation.
⇒ 25 = (11/5)^t
⇒ 125 = (11)^t
⇒ (11)^11 = (11)^t
⇒ t = 11 years (approx.)
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.