1) calculate in how many years will Rs 30000 amount to Rs 399300 at the rate of 10% Compound interest per annum.
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Step-by-step explanation:
Let it be in ‘n’ years ₹300000 in compound interest at the rate of 10% per annum will amount to ₹399300.
∴ Amount for n years
By the condition,
∴ n = 3
∴ In the rate of compound interest if 10% per annum ₹300000 will amount to ₹399300 in 3 years.
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Step-by-step explanation:
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