Q11 of 89 Page 14

In what time will Rs. 1000 amount to Rs. 1331 at 10% per annum, compound interest?

Given,


Principal = Rs.1000


Amount = Rs. 1331


Rate = 10% p.a


Let time = T years


So,


A =


=


=


= T = 3 years


Hence,


Time = 3 years


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