Mathematics
NULL
Medium
Question
In how many years will Rs.800 at 5% p.a. CI amount to Rs.882?
A
1 Year
B
2 years
✓ Official correct answer
C
3 Years
D
4 Years
Community credibility
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A
1 Year
No member explanations yet for this option.
B
2 years
No member explanations yet for this option.
C
3 Years
No member explanations yet for this option.
D
4 Years
No member explanations yet for this option.
Explanation
800 × (1.05)ⁿ = 882 ⇒ (1.05)ⁿ = 1.1025 ⇒ n = 2 years.