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The compound interest on Rs. 1,800 at 10...

The compound interest on Rs. 1,800 at 10% per annum for a certain period of time is Rs. 378. Find the time in years.
एक निश्चित अवधि के लिए 10% प्रति वर्ष की दर पर Rs. 1,800 पर चक्रवृद्धि ब्याज Rs. 378 है। वर्षों में समय ज्ञात कीजिए।

A

2.0 वर्ष

B

2.8 वर्ष

C

30 वर्ष

D

2.5 वर्ष

Text Solution

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The correct Answer is:
To find the time in years for the given compound interest, we can follow these steps: ### Step 1: Identify the given values - Principal (P) = Rs. 1,800 - Rate (R) = 10% per annum - Compound Interest (CI) = Rs. 378 ### Step 2: Calculate the total amount (A) The total amount (A) after the interest is added can be calculated as: \[ A = P + CI \] Substituting the values: \[ A = 1800 + 378 = 2178 \] ### Step 3: Use the compound interest formula The formula for compound interest is given by: \[ A = P \left(1 + \frac{R}{100}\right)^N \] Where: - A = Total amount after interest - P = Principal amount - R = Rate of interest per annum - N = Time in years ### Step 4: Substitute the known values into the formula Substituting the values we have: \[ 2178 = 1800 \left(1 + \frac{10}{100}\right)^N \] This simplifies to: \[ 2178 = 1800 \left(1 + 0.1\right)^N \] \[ 2178 = 1800 \left(1.1\right)^N \] ### Step 5: Divide both sides by 1800 To isolate the term with N: \[ \frac{2178}{1800} = (1.1)^N \] Calculating the left side: \[ \frac{2178}{1800} = 1.21 \] So we have: \[ 1.21 = (1.1)^N \] ### Step 6: Rewrite 1.21 as a power of 1.1 We know that: \[ 1.1^2 = 1.21 \] Thus, we can equate the powers: \[ (1.1)^N = (1.1)^2 \] This implies: \[ N = 2 \] ### Conclusion The time in years (N) is 2 years.

To find the time in years for the given compound interest, we can follow these steps: ### Step 1: Identify the given values - Principal (P) = Rs. 1,800 - Rate (R) = 10% per annum - Compound Interest (CI) = Rs. 378 ### Step 2: Calculate the total amount (A) ...
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