Question

A man deposits $1000 in a bank. In return he got $1331. Bank gave 10% interest per annum. How long he kept the money in the bank?

Answer 1

Answer:

3.31

Step-by-step explanation:

I = PRT/100

T = I*100/(PI)

= 331*100/(1000*10)

=331/100

=3.31

3.5 YEARS(approx)