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in what time 15625 amount to 24389 at 16 % per annum compounded annually
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- A = P [1 +(R/100)] N
24389=15625[1+ (16/100)] N
A = P [1 +(R/100)] N
24389=15625[1+ (16/100)] N
A = P [1 +(R/100)] N
24389=15625[1+ (16/100)] N
24389/15625 = (116/100)^ N
(29/25)^ 3 = (29/25)^ N
→ N = 3 YEARS
- 11 years agoHelpfull: Yes(2) No(0)
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