Question

In how many years rs. 6000 will amount to rs 7986 at a compound interest rate of 10%?​

Answer 1

Answer:

3YEARS

Step-by-step explanation:

LET TIME BE N

AMOUNT=PRINCIPAL × (1+ RATE/100)^N

7986=6000×(1+10/100)^N

7986/6000=(11/10)^N

1331/1000=(11/10)^N

(11/10)^3=(11/10)^N

SINCE THE BASES ARE THEREFORE,

N=3YEARS( ANS)