Q3 In how many years will Rs 6250 amount to Rs 7290 at 8% per annum, compounded annually.
Q4 A scooter is bought at Rs 56000.its value depreciates at the rate of 10% per annum. What will be its value after 3 years.
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Q3 In how many years will Rs 6250 amount to Rs 7290 at 8% per annum, compounded annually.
Q4 A scooter is bought at Rs 56000.its value depreciates at the rate of 10% per annum. What will be its value after 3 years.
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Answer:
3. Time =2 years
Step by step explanation
Time (T) = 2 years
Step-by-step explanation:
Given Principal (P) = Rs 6250,
Amount (A) = Rs7290,
Rate of interest (r) = 8%,
Let Time = T years
Therefore,
Time (T) = 2 years
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