in how many years rupees 4000 amount to Rupees 5324 at 10% compound interest
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Answer:
Step-by-step explanation:
↓↓↓
CI=p {(1+r)^n-1}
5324-4000=4000 {(1+10/100)^n}-4000
5324=4000 (1+1/10)^n
5324/4000=(11/10)^n
1331/1000=(11/10)^n
(11/10)^3=(11/10)^n
n=3
→→→hence 3 years
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