Question

in how many years will rupees 100000 when compound yearly @of 10%per annum amount to rs.133100​

Answer 1

A=P(1+R/100)^N

133100=100000(1+10/100)^N

133100/100000(1+1/10)^N

(11/10)³=(1+1/10)^N

(11/10)³ = (11/10)^N

as the bases are equal,

thus, time = 3 years