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Ramu invested a sum of Rs. 12500 at 12% ...

Ramu invested a sum of Rs. 12500 at 12% per annum compound interest. He recevied an amount of Rs. 15680 after x years. Then, the value of x is

A

1

B

4

C

3

D

2

Text Solution

Verified by Experts

The correct Answer is:
D
(i) Use `A=P(1+(R )/(100))^(N)` and evaluate n.
(ii) A=Rs. 15680, P=Rs. 12500, R=12% per annum, find n.
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