An amount of 6,480RS has to be returned for a sum of 5120RS borrowed at 25/2% compounded annually find the time after which this amount is returned
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Answer:
6480=5120(1+1/8)power time
6480/5120=(9/8) power time
81/64= (9/8) power time
after making base same
(9/8) power 2= (9/8) power time
base are same so power so will be same
t= 2
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