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?
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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)
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