In how many years will rupees 4000 amount to rupees 5324 at 10 percent – InterviewSolution

1.	In how many years will rupees 4000 amount to rupees 5324 at 10 percent p.a compounded annually
Answer» HENCE 3 yearsStep-by-step EXPLANATION:CI=p {(1+r)^N-1} 5324-4000=4000 {(1+10/100)^n}-4000 5324=4000 (1+1/10)^n 5324/4000=(11/10)^n 1331/1000=(11/10)^n (11/10)^3=(11/10)^nn=3

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