Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________?

Compound Interest 02/09/2020

A. 1 Year
B. 2 years
C. 3 Years
D. 4 Years

Explanation:

Time be t years 882 = 800 (1 +5/100) t

=> 882/800 =(21/20) t

(21/20) 2 = (21/20) t

=> t = 2 Therefore,

Time = 2 years

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