Question

in how many years will compound interest payable yearly on Rs 10000 at 10% per year be Rs 3310?​

Answer 1

Answer:

fsyhwgagsgsggdhfhhrgrgegeg e

Answer 2

Answer:

3 years

Step-by-step explanation:

CI = P(1+r/100)^n

Given :

P = Rs. 10,000

R = 10%

Find: Number of years (N) =?

Solution :

Amount = CI + P = 3310+10000= 13310

Now, 13310 = 10000* ( 110/100)^n

13310/10000 = ( 110/100)^n

1331/1000 = ( 11/10)^n

(11/10)^3 = ( 11/10)^n (Since, take cube root)

n = 3

So, number of years (N) = 3 years.