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Q.

If the compound interest on 1000 art the rate of 10%p.a be 210 then the

time is 

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a

2years

b

3years

c

4years

d

1year

answer is A.

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Detailed Solution

P=1000,R=10%,C.I=210

C.I=AP=P(1+R100)nP

=P[(1+R100)n1]

210=1000[(1+10100)n1]

21100=[(1110)n1]

21100+1=(1110)n

121100=(1110)n(1110)2=(1110)n

n=2

 Time =2years

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