You need Rs. 10,000 to buy a new television. If you have Rs. 6,000 to invest at 5 percent compounded annually, how long will you have to wait to buy the television?

(A) 8.42 years (X)
(B) 10.51 years ()
(C) 15.75 years (X)
(D) 18.78 years (X)

Answers: You need Rs. 10,000 to buy a new television. If you have Rs. 6,000 to invest at 5 percent compounded annually, how long will you have to wait to buy the television 10.51 years.