RS 8000 became RS 9261 in a certain interval of time at the rate of 5% p.a. ci find the time
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9261=8000 (1+5/100)^n
9261/8000=(100+5/100)^n
(21/20)^3=(105/100)^n
(21/20)^3=(21/20)^n
n=3
time=3years
9261/8000=(100+5/100)^n
(21/20)^3=(105/100)^n
(21/20)^3=(21/20)^n
n=3
time=3years
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