You need Rs. 10,000 to buy a new television. If you have Rs. 6, 000 to invest at 5 percent compounded annually, how long will you have to wait to buy the televisions?
A. 8.42 years
B. 10.51 years
C. 15.75 years
D. 18.78 years
Answer:B
You need Rs. 10,000 to buy a new television. If you have Rs. 6, 000 to invest at 5 percent compounded annually, how long will you have to wait to buy the televisions?
A. 8.42 years B. 10.51 years C. 15.75 years D. 18.78 years