in what time will Rs 8000 at 5% pee annum compounded annually will amount to Rs8820?
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8000 (1+5÷100)^n=8820
(1+1÷20)^n=8820÷8000
(21÷20)^n =(21÷20)^2
n=2
(1+1÷20)^n=8820÷8000
(21÷20)^n =(21÷20)^2
n=2
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