Question

tell me true or false and why the time taken for thousand rupees to become Rupees 1331 at 20 % p.a compounded annually is 3 years​

Answer 1

Answer:

False.

Step-by-step explanation:

20% interest of 1000 is 200 So 200+ 1000=1200

20% interest of 1200 is 240 So 240+1200= 1440

20% iterest of 1440 is 288 so 288+1440=1728