Find the time in which Rs.1,200 will amount to Rs.1,536 at 3•5% per year
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Answer:
A= p(1+r/100)n
1536=1200(1+3.5/100)
1536/1200=(100+3.5/100)
simplify it further you will both l.h.s and r.h.s equal therefore the property of exponents will be applied
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