In what time rs.1000 become rs.1331 at 10% per annum compound annually
Answers
Answered by
0
Answer:
what
Step-by-step explanation:
Answered by
3
Answer:
3 years
Step-by-step explanation:
Given : P = Rs1000 , A = Rs 1331 , R = 10%
A = P (1+r/100)^n
=> 1331 = 1000 (1+10/100)^n
=> 1331/1000 = (110/100)^n
=> (11/10)^3 = (11/10) ^n
n = 3 yrs
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