Mathematics · Compound Interest

The compound interest on ₹20,000 at 5% per annum, compounded annually, is ₹2,050. What is the time period?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

12.5 years
22 years✓
34 years
43 years

Correct answer

2 years

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The compound interest on ₹20,000 at 5% per annum, compounded annually, is ₹2,050. What is the time period?

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The compound interest on ₹20,000 at 5% per annum, compounded annually, is ₹2,050. What is the time period?

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