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In what time will 14,580 earn 5420 as interest ___1at 11__%p.a., ____9 compounded annually? |
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Answer» P=Rs1,500 C.I.=Rs496.50A=P+C.I.=1,500+496.50=Rs1996.50On INTEREST being compounded for N YEARS, Amount=P(1+ 100R ) N 1996.50=1,500×(1+ 10010 ) N 1,5001996.50 =( 1011 ) N 10001331 =( 1011 ) N 10 3 11 3 =( 1011 ) N =>N=3 years |
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