Question

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

Answer 1

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%

Explanation: