Time in years in which Rs. 9,000 /- will amount to Rs 11,979 /- at 10 % per annum, interest being compounded annually is :- *
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Step-by-step explanation:
Description for Correct answer:
A = P(1+r100)=>10890−9000(1+r100)2
=> (1+r100)2=108909000=121100=(1110)2=>(1+r100)−1110
Therefore, r = 10%
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