Inverse Problems on Compound Interest Time Period
Inverse Problems on Compound Interest - Finding Time Period
In this section, we shall discuss how to compute time period when Amount , Principal and rate is given.
Illustration: In what time Rs 800 amount to rs 882 at 5% per annum compounded annualy?
Solution: We have, P = Principal = Rs 800, A = amount = Rs 882 and Rate R = 5% per annum
As the base is same. So, by comparing the powers, we have
n = 2
Hence, required time is 2 years.
In how much time will a sum of Rs 1600 amount to Rs 1102.50 in 2 years at compound interest? | |||
| Right Option : A | |||
| View Explanation | |||
The compound interest on Rs 1600 at 10% per annum for a certain period of time is Rs 336. Find the time in years. | |||
| Right Option : D | |||
| View Explanation | |||
The compound interest on Rs 1800 at 10% per annum for a certain period of time is Rs 378. Find the time in years. | |||
| Right Option : D | |||
| View Explanation | |||
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