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The interest on a sum of Rs 2000 is bein...

The interest on a sum of Rs 2000 is being compounded annually at the rate of 4% per annum. Find the period for which the compound interest is Rs 163.20.

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To solve the problem step by step, we will use the formula for compound interest and manipulate it to find the time period. ### Step 1: Understand the given information - Principal (P) = Rs 2000 - Rate of interest (R) = 4% per annum - Compound Interest (CI) = Rs 163.20 ### Step 2: Use the formula for Compound Interest ...
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