Question

In how many years will ₹900 amount to ₹1050 at 10%p.a?

Answer 1

Answer:

2 or 3 years..............

Answer 2

Answer:

1.67 years = 1 year 8 months

Step-by-step explanation:

Amount = 1050

Principal = 900

Rate of interest = 10%

time = ?

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Interest = Amount - Principal = 1050 - 900 = 150 rupees

I = P*R*T/100

150 = 900 * 10 * T/100

T = 15 / 9 = 1.67 years = 1 year 8 months