In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?	Choose the correct choice
A) 3 years
B) 2 years
C) 4 years
D) 1 year
E) 5 years
Principal = Rs. 1000; Amount = Rs. 1331; Rate = 10% p.a. Let the time be n years. Then,   [ 1000 (1+ (10/100))n ] = 1331 or (11/10)n = (1331/1000) = (11/10)3   n = 3 years.   3 yearsNSWER 3 years 3 years
<result>A</result>
In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?