Aman invest rs 62500 money in bank which offers compound interest at 8% p.a.If he receives rs 78732 after certain years. Find out the number of years the money is invested?
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Step-by-step explanation:
3 years.
year (1): 62500× 8% interest = 67500
year(2): 67500×8% interest = 72900
year(3): 72900×8% interest = 78732
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