Well, this question isn't really fair, considering that those sides aren't possible to make a square since a square has 4 congruent sides.
Here is the compound interest formula solved for years:
<span>Years = {log(total) -log(Principal)} ÷ log(1 + rate)
</span>Years = {log(800) - log(600)} <span>÷ log(1.025)
</span><span>Years = {2.903089987 -2.7781512504} / 0.010723865392
</span>Years = {
<span>
<span>
<span>
0.1249387366
} / </span></span></span><span><span><span>0.010723865392
</span>
</span>
</span>
Years =
<span>
<span>
<span>
11.6505319708
</span>
</span>
</span>
That's how many years it takes for the $600 to become exactly $800.00
The question specifically asks how long for the money to be MORE than $800.00?
So, if we enter 800.01 into the equation, then the answer is
Years = {log(800.01) - log(600)} <span>÷ log(1.025)
</span><span>Years = {2.9030954156 -2.7781512504} / 0.010723865392
</span>Years =
<span>
<span>
<span>
0.1249441652
</span>
</span>
</span>
/ 0.010723865392
<span>
<span>
<span>
Years = 11.6510381875
</span>
</span>
</span>
<span><span> </span></span>
Answer:
P= Rs 60000
A= Rs 79860
T=1 & 1/2 year = 3/2 years
= 3/2 x 2 = 3 half years
R= ?
Applying the formula A= P (1+r/100)^T
79860 = 60000 (1+ r/100)^3
79860/60000 = (1+r/100)^3
1331/1000 = (1+r/100)^3
root(3)(1331/1000) = (1+r/100)
11/10 = 1+r/100
11/10 -1 = r/100
1/10 = r/100
r= 10 %
Step-by-step explanation:
