Question

Please help me solving this sum

1. 8000 became 9261 in a certain interval of time
at the rate of 5% per annum, C.I. Find the time.
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Answer 1

Answer:

Approximately 3 years is the time duration

In three years total will be 9291

But given total is 9261

That is the reason

I used the word approximate

P(1+r/n)^nt is the formula for compound interest

Answer 2

THIS IS THE ANSWER...

ANSWER :- Time = 3 years..

HOPE IT HELPS YOU :)