How long it take for a sum of Rs.12600 invested at 9% per annum become to Rs.15624
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Let a be the year.
12600=15624×9%×a
12600=1406a
12600÷1406=a
a=8(Corr to 3 sig fig)
12600=15624×9%×a
12600=1406a
12600÷1406=a
a=8(Corr to 3 sig fig)
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