In what time will rs 24000 amount to rs 300000 at 10% p.a?
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Si prt/100 solve by yourself
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P= Rs.24000. , A = Rs.27783. , R = 20% p.a. or, 5% p.quarterly , t = ?.
A = P.(1 + R/100)^t.
or, 27783 = 24000.(1. + 5/100)^t.
or, 27783/24000. = (21/20)^t.
or, 9261/8000 = (21/20)^t.
or, (21/20)^3 = (21/20)^t. =>. t = 3. quarters. Or, 9.months
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