In how many years will an annuity of Rs.400 amount to 4064 at 3% p. a.compound interest?

the answer is 11.2 (i know i’m late)

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

what was there favorite food

lr = 24

step-by-step explanation:

note that p is the midpoint of lr. to find the measurement of lr, set the equation:

lr = lp + pr

plug in the corresponding numbers to the corresponding variables:

lr = (15) + (9)

simplify:

lr = 24

24 is your measurement of lr.

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