Mathematics for FinanceMTP Jun 23Question 1384 of 422
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A certain sum of money amounts to $5,000$ in $5$ years at $10\%$ p.a. In how many years will it amount to $6,000$ at same rate of S.I. p.a.

Options

A$10$ years
B$8$ years
C$6$ years
DNone of these
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Correct Answer

Option b$8$ years

All Options:

  • A$10$ years
  • B$8$ years
  • C$6$ years
  • DNone of these

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