Question

1 In which time will Rs. 1000
become Rs. 1331 at 10% per
annum compounded annually?​

Answer 1

the required ans is 3years

Answer 2

Answer:

3 years

Step-by-step explanation:

Given : P = Rs1000 , A = Rs 1331 , R = 10%

A = P (1+r/100)^n

=> 1331 = 1000 (1+10/100)^n

=> 1331/1000 = (110/100)^n

=> (11/10)^3 = (11/10) ^n

n = 3 yrs