In how much time will a sum of Rs. 1600 amount to Rs. 1852.20 at 5% per annum compound interest?
Given,
Principal = Rs.1600
Amount = Rs.1852.20
Rate = 5 % per annum
Let time = T years
So,
A = 
= 
= 
= T = 3 years
Hence,
Time = 3 years
24
In how much time will a sum of Rs. 1600 amount to Rs. 1852.20 at 5% per annum compound interest?
Given,
Principal = Rs.1600
Amount = Rs.1852.20
Rate = 5 % per annum
Let time = T years
So,
A =
=
=
= T = 3 years
Hence,
Time = 3 years