UPSKILL MATH PLUS

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Say True or False:
 
1. The time taken for \(₹1000\) to become \(₹1331\) at \(20\%\) p.a, compounded annually is \(3\) years.
 
2. The compound interest on \(₹16000\) for \(9\) months at \(20\%\) p.a, compounded quarterly is \(₹2522\).