Question

In how many years will ₹5000 amount to ₹6655 at 10% CI?​

Answer 1

Step-by-step explanation:

3 years is answer

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Answer 2

Answer:

3 years is the answer

Step-by-step explanation:

Given,

Principal = Rs 5000

Amount Rs 6655

Rate % = 10%

Conversion period=n= ?

So, 6655= 5000(1+ 10/100)

6655/5000=(11/10)

1331/1000 (11/10)

113/103 11/10⁰

So n= 3 as 11 ³ = 1331

Thus in 3 years a sum of Rs 5000 will become Rs 6655 @ 10% p.a. compounded anually