CA Foundation doubt
Please solve Question 6
Asked by Adarsh29 Nov 2024605 views
1 answer
Jinal · 29 Nov 2024
Suppose P = 100 , A = 100+40%= 140 because 40% increase, R = 2 , i = 0.02 A = P(1+I)ⁿ 140 = 100(1.02)ⁿ 1.4 = (1.02)ⁿ 1.4 = (1.02)¹⁷ Ans is n = 17 years (approx)
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