Question
In what time will Rs. 16000 amount to Rs. 19360 @ 10%
compound interest?Solution
A = P ( 1 + R/100)t 19360 = 16000 ( 1 + 10/100) t 19360 /16000 = (11/10)t (11/10)² = (11/10)t t= 2 years, The required time is 2 years
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