In how many years INR 62500 at the rate of 8% per annum compounded annually became INR 72900?
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Answer:
Step-by-step explanation:
SI= A-P
Si = 72900 - 62500
SI= 10400
P= 62500
A= 72900
R= 8% p.a
T= T
Si = PRT/100
10400= 62500 * 8 * T / 100
final ans = 3 yrs
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