Question

in how many years will rupees 2,000 amount to Rupees 2662 at 10% compound interest​

Answer 1

Answer:

Amount= principle * (1+r/100)^t

2662 = 2000*(1+10/100)^t

2662/2000= (110/100)t

1331/1000= (11/10)^t

(11/10)^3 = (11/10)^t

Comparing both side

t = 3 years

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