Question

find the time in which rupees 100000 become rupees 161051 at 10% per annum on compound interest compounded annually?
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Answer 1

Step-by-step explanation:

amount = 161051

principal = 100000

rate = 10%

time =?

A=P(1+r/100)^n

161051=100000(1+10/100)^n

161051/100000=(11/10)^n

(11/10)^5=(11/10)^n

hence n=5 yrs