In how may years will a sum of Rs. 320 amount to Rs. 405 if interest is compounded at 12.5% per annum?

In how may years will a sum of Rs. 320 amount to Rs. 405 if interest i

1.	In how may years will a sum of Rs. 320 amount to Rs. 405 if interest is compounded at 12.5% per annum?
A.	2(1/2) years
B.	2 years
C.	1 year
D.	1(1/2) years
Answer» C. 1 year

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In how may years will a sum of Rs. 320 amount to Rs. 405 if interest is compounded at 12.5% per annum?

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