Question

In what period of time will Rs 12000 yield Rs 3972 as C.I. at 10% p.a. if compounded on yearly basis *​

Answer 1

Answer:

Hey Hi

Doing manually for every year as the numbers are easy

1st Year 1200

2nd Year 1200 + 120 = 1320

3rd Year 1320 + 132 = 1352

Total = 3972

Thus in 3 years it will yield 3972

Hope this helps

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Rishabh Bansal