3
Q:
A) 2years | B) 3years |
C) 4years | D) 5years |
Answer: B) 3years
Explanation:
Explanation:
Principal = Rs.1000;
Amount = Rs.1331;
Rate = Rs.10%p.a.
Let the time be n years.Then
[1000(1+10/100)Λn;]
= 1331.
= (1331/1000)
= (11/10)³
Therefore n = 3 years.