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- In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually
Question 1:
In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually A. 2 Years
B. 3 Years
Feedback Let the time be n years then,
1000(1+10/100)^n=1331
(11/10)^n=1331/1000
(11/10)^3=1331/1000
So answer is 3 years
1000(1+10/100)^n=1331
(11/10)^n=1331/1000
(11/10)^3=1331/1000
So answer is 3 years
C. 5 Years
D. 7 Years
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