Question

Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?1

Answer 1

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Answer 2

P = 8000
CI = 9261
R = 5% PER ANNUM


9261 = 8000( 1+5/100)n
8000(1+5/100)n
(21/20)n= 9261/8000
(21/20) n =( 21/20)3
n= 3