in what time will Rs 8192 amount to Rs 11664 at 12.5% p. a. compound interest
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Answer:
After Year 1 = 8192 * (1 + 12.5%) = 9216
After Year 2 = 9216* (1 + 12.5%) = 10368
After Year 3 = 10368 * (1 + 12.5%) = 11664
Answer = 3 years
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