Question

in how mjch time sum of Rs 1000 amont to get Rs1331 at 10%p.a compounded annualy?

Answer 1

This is ur answer hope it will help u

Answer 2

Answer:

Given:-

P=Rs 1000

R=10%p.a.

Time=?

Amount =Rs1331

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

1331=1000(1+10/100)^n

1331/1000=(1+1/10)^n

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

3=n

Hence, Time=3years