in how many years 6750 amount to 8192 at 20/3%p.a. compounded annually
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Principal = rs. 6750
Rate of interest = 20/3% p.a.
Amount = rs .8192
P (1+R/100)^T = 8192
6750 (1+20/3*100)^T = 8192
(1+1/15)^T = 8192/6750
(16/15)^T = 4096/3375..........
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