Question

at what rate will rupees 1000 amount to rupees 1331 in 13 years if compounded annually​

Answer 1

Answer:Principal = Rs. 1000; Amount = Rs. 1331; Rate = 10% p.a. Let the time be n years. Then,

[ 1000 (1+ (10/100))^n ] = 1331 or (11/10)^n = (1331/1000) = (11/10)^3

n = 3 years

$\huge\orange{@alurringbabe}$