s13943999 s13943999

23-05-2021
Mathematics

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in how many years 1600 invested at 5% will amount to 1920

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bhadelsimron19 bhadelsimron19

23-05-2021

Answer:

principal=1600

rate=5%

amount=1920

time=x

interest=p*t*r/100

=1600*x*5/100

=8000x/100

80x

amount=principal +interest

1920=1600+80x

1920-1600=80x

320/80=x

4=x

therefore after 5 years 1600 amount to 1920 at the rate of 5%

Step-by-step explanation:

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