Mathematics · Compound Interest
If a sum of Rs. 21,500 is lent at 40% per annum compound interest (compounded annually), after how many years will an amount of Rs. 42,140 be obtained?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 years✓
- 24 years
- 38 years
- 46 years
Correct answer
2 years
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