Question

    In what time will Rs. 32000 amount to Rs. 42592 at the rate 10% compound interest? 

    A 2% वर्ष Correct Answer Incorrect Answer
    B 3% वर्ष Correct Answer Incorrect Answer
    C 3/2% वर्ष Correct Answer Incorrect Answer
    D 4% वर्ष Correct Answer Incorrect Answer

    Solution

    A = P ( 1 + R/100)t 42592 = 32000 ( 1 + 10/100) t 42592/25000 = (11/10)t (11/10)³ = (11/10)t t= 3 years , The required time is 3 years .

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