Answers

2016-02-23T09:25:28+05:30
Let P be 100, then  Amount = Rs.200
formula for Compound Interest:
   A = p(1+ r/100)^n
200 = 100 (1 + 10/100)^n
200 - 100 = (110 /100)^n
100 = (11 / 10 )^n
100 = (1.1)^n
taking log on both sides
log100 = n log1.1
   2 = n x 0.0414
n = 2/0.0414
  = 4.83
n = appr. 4years 8 months
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