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Please solve this question briefly. 24000 workers were employed to constuct roads in a district. However, to complete the project in time, workers were increased at the rate of 5% every six months. Find the time period at the end of which the total number of workers becomes 27783. Please solve it in Compound interest. thanks in advance.

Please solve this question briefly.
 
24000 workers were employed to constuct roads in a district. However, to complete the project in time, workers were increased at the rate of 5% every six months. Find the time period at the end of which the total number of workers becomes 27783.
 
Please solve it in Compound interest.
 
thanks in advance.
 

Grade:10

2 Answers

Ravi
askIITians Faculty 69 Points
6 years ago
Consider the situation as the principal being the initial investment= 24000
Final amt= P+CI= 27783
Rate of CI= 5% compounded half yearly(as the tenure is of 6 months)

Calculate the time.(considering 6 months as 1 tenure but the final answer being in years)
I think I’ve made the question clear, so can you ahead and solve for yourself with the given directions.
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Yugabrat Gogoi
47 Points
6 years ago
Sir, thanks for your help and i got the correct answer. its3/2 years
 

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