Question

In how many years will ₹4000 amount to ₹5324 at 10% p.a. compounded annually?

Answer 1

S.I.=A-P
=5324-4000=1324

S.I.=P×T×R/100
1324=4000×x×10/100
1324=400×x
x=1324/400
=53/16
$3\frac{5}{16} years$

Answer 2

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