A sum of Rs.15000 is invested at 20% annual compound interest for ‘t’ years and interest amount received is Rs.10920, then find the value of ‘t’.

Question :

A sum of Rs.15000 is invested at 20% annual compound interest for ‘t’ years and interest amount received is Rs.10920, then find the value of ‘t’.

Options :

  • 1
  • 2
  • 3
  • 4

correct answer : c)

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