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In how many years rs. 6000 will amount to rs 7986 at a compound interest rate of 10%? |
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Answer» ong>Answer: 3YEARS Step-by-step explanation: LET TIME BE N AMOUNT=PRINCIPAL × (1+ RATE/100)^N 7986=6000×(1+10/100)^N 7986/6000=(11/10)^N 1331/1000=(11/10)^N (11/10)^3=(11/10)^N SINCE THE BASES ARE THEREFORE, N=3YEARS( ANS) |
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