in how many years will a sum of ₹3000 become 3993 at 20% per year
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Answer:
in 1.655 year it may amount to 3993
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Amount= si+p
3993= p×r×t/100 + p
3993= 3000×20×t/100 + 3000
3993-3000= 30×20×t
t= 993/600
= 331/200
= 1.655
1 year and 8 months approximately
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