Aspire Faculty ID #17804 · Topic: TANCET MCA 2024 · Just now
TANCET MCA 2024

A man deposited Rs.1,000 in a bank. In return he got Rs.1,331. Bank gave interest 10% per annum. How long did he keep the money in the bank?

Solution

$1000(1.1)^n=1331 ⇒ n=3$

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