Gayathri invested a sum of Rs. 12,000 at 5% p.a. at compound interest. She received amount of Rs. 13,230 after ‘n’ years. Find the value of ‘n’.
Sum of money invested = 12,000
Rate of interest = 5%
Amount = 13,230
Amount = ![]()
13,230 = ![]()
1.1025 = ![]()
Taking log on bo21th sides
= n ![]()
= n
N = 2 years
Couldn't generate an explanation.
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