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      Question

      In what time will Rs. 15000 amount to Rs. 19965 @ 10%

      compound interest?
      A 2% years Correct Answer Incorrect Answer
      B 3% years Correct Answer Incorrect Answer
      C 3/2% years Correct Answer Incorrect Answer
      D 4% years Correct Answer Incorrect Answer

      Solution

      A = P ( 1 + R/100)t 19965 = 15000 ( 1 + 10/100) t 19965 /15000 = (11/10)t (11/10)³ = (11/10)t t= 3years, The required time is 3 years.

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