In what time will Rs 1000 amount to Rs 1060 at 6% per annum compounded annually?
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Answered by
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Answered by
1
Answer:
3 years
Step-by-step explanation:
A:1331
P:1000
R:10%
=1331=1000(1+10/100)
1331/1000=(11/100)
=(11/100)³
So Time is 3 Years
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