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 what time will Rs 64000 amount to Rs 68921 at 5% per annum, interest being compounded half-yearly? | |||
| Right Option : A | |||
| View Explanation | |||
In what time will Rs 4400 become Rs 4576 at 8% per annum interest compounded half-yearly? | |||
| Right Option : C | |||
| View Explanation | |||
Jack invested a sum of Rs 1000 at 10% per annum compound interest. She received an amount of Rs 1210 after n years. Find the value of n. | |||
| Right Option : B | |||
| View Explanation | |||
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