Q21 of 89 Page 14

Ishita invested a sum of Rs. 12000 at 5% per annum compound interest. She received an amount of Rs. 13230 after n years. Find the value of n.

Given,


Principal = Rs.12000


Rate = 5% per annum


Amount = Rs.13230


Let time = T years


So,


A =


=


=


= T= 2 years


Hence ,


Time = 2 years


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