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1. Life Mathematics
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Q15 of 94 Page 29

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


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Questions · 94
1. Life Mathematics
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