Question
In what time will Rs. 9000 amount to Rs. 11979 @ 10%
compound interest?Solution
A = P ( 1 + R/100)t 11979 = 9000 ( 1 + 10/100) t 11979 /9000 = (11/10)t (11/10)³ = (11/10)t t= 3years, The required time is 3 years.
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