Question

115. In what time will Rs. 1,000 amount

to Rs. 1,331 at 10% per annum,
compounded annually ?
(A) 5 years
(BJ 3 years
(C) 6 years
(D) 4 years.​

Answer 1

Answer:

Hope this answer helped u.......

Answer 2

OPTION d 3 years  because

let the required time be  n years as we don't know the time

rate  of interest =10 %

amount =1331

principal =1000

AMOUNT = P(1 +rt)

1331 = 1000(1 +10/100 *n)

1331/1000 = 11/10 *n

1331/1000  = 11/10 *n

(11/10)3 = 11/10 *n

time=3