Question

in how many years ₹15000 amount to ₹60000 at 9%p.a compound interest.

a)15.4years
b)16 years
c)14.9years
d)15 years​

Answer 1

Answer:

The answer will be option b 16 years.

Step-by-step explanation:

15000(109/100)^16 gives you 59,554.5882( which is approximately 60000).

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