The time in which Rupees 6000 amounts to Rupees 7986 at 10percent p.a. compounded annually is.
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Answer:
A=7086
R=10%
P=6000
*=n=time
A=P(1+R/100)*
7986/6000=(11/10)*
7986/6000=1331/1000 = (11/10)``=(11/10)*
``=3
therefore,*=n=3
And = time is 3yrs.
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