Same chapter3 marksDifficulty: Medium
Find the amount on ₹6,250 for 2 years at 4% per annum compounded annually.
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3 marksDifficulty: Medium
In how many years will ₹1,000 amount to ₹1,331 at 10% per annum compound interest?
Original Khojo Papers practice question — not from a past board paper.
Answer
3 years
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
1,000(1.1)n = 1,331 gives (1.1)n = 1.331 = (1.1)3, so n = 3.
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