samikshaarora2007
samikshaarora2007 samikshaarora2007
  • 20-02-2021
  • Biology
contestada

The compound interest on 1800 at 10% per annum, for a certain period of time is 7378. Find the
time in years.​

Respuesta :

quyenthao111
quyenthao111 quyenthao111
  • 20-02-2021

Answer:

14.8013 years

Explanation:

the equation to find this is 1800 x 1.1 ^ (n) = 7378

n is the numbers of years

1800 x 1.1 ^ (n) = 7378

1.1 ^(n) = 7378 ÷ 1800

1.1 ^(n) = 4.0989

[tex]n = \frac{ln(4.0989)}{ln(1.1} [/tex]

[tex]n = 14.8013[/tex]

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