Q8 of 89 Page 14

In how much time would Rs. 5000 amount to Rs. 6655 at 10% per annum compound interest?

Given,


Principal = Rs.5000


Rate = 10%


Amount = Rs.6655


Let time = T years


So,


A =


=


=


=


= T= 3 years


Hence,


Time = 3 years.


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