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A startup in Bengaluru has 6250 users, growing at 20% per year (compounded annually).
After how many full years will the user base first exceed 10000?

Class 8Compound InterestComparing Quantities
  • A3 years
  • B2 years
  • C4 years
  • D5 years

Step-by-Step Solution

Year 1: 6250*1.2 = 7500. Year 2: 9000. Year 3: 10800 > 10000. So it first exceeds 10000 after 3 years.
Answer: A) 3 years

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