The compound interest on rs. 1800 at the rate of 10% p.a for certain time is rs . 378 . Find the time in years
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P = Rs. 1800, R = 10% p.a., Compound interest = Rs. 378
CI = P[(1 + R)n - 1]
378 = 1800 [(1 + 0.1)n - 1]
1.1n - 1 = 0.21
1.1n = 1.21
n = 2
The compound interest on Rs. 1800 at the rate of 10%per annum is Rs 378 in 2 years.
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