(b) In how many months will Rs 4800 amount to Rs 5760 at 2 paisa per rupee per month?​

Question

(b)
In how many months will Rs 4800 amount to Rs 5760 at 2 paisa per rupee per
month?​

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Maris 4 years 2021-07-27T08:20:59+00:00 1 Answers 163 views 1

Answers ( )

    0
    2021-07-27T08:22:51+00:00

    Answer:

    This amount will be reached in 1 year and 2 months, that is, in 14 months.

    Step-by-step explanation:

    Given that 1 paisa is 1 cent of a rupee, at an increase of 2 paisa per rupee per month we are talking about an interest of 2% per month, which annualized is equal to 24% per year (12 x 2).

    Thus, given that the initial amount is Rs $ 4800, to determine the period of time in which said interest will take the amount to Rs $ 5760 it is necessary to perform the following calculation:

    4800 x 1.02 x X = 5760

    4896 x X = 5760

    X = 5760/4896

    X = 1.17

    Thus, this amount will be reached in 1.17 years, with which to calculate the number of months the following calculation must be performed:

    1 = 12

    0.17 = X

    0.17 x 12 = X

    2 = X

    Thus, this amount will be reached in 1 year and 2 months, that is, in 14 months.

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