Question

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

Answer 1

$\star\;\boxed{\frak{~3~years~}}$

Step by step Explanation : —

★ A = P(1 + r/100)^n ★

$\implies$ 7986 = {600 + 10/100}^n

$\implies$ 7986/6000 = {11/10}^n

$\implies$ 1331/1000 = {11/10}^n

$\implies$ n = 3 years ★

•°• Hence, the required years are 3 years.

Thank you :)