Question

10. At what rate percent will 2000 amount to *2315.25 in 3 years at compound
interest?​

Answer 1

Answer:

5%

Step-by-step explanation:

Amount =2315.25

Time =3 Year

Amount =P(1+

100

r

)

TM

2315.25=2000(1+

100

r

)

3

2000

2315.25

=(1+

100

r

)

3

3000

9261

=(1+

100

r

)

3

20

21

=1+

100

r

100+r=

20

2100

100+r=105

r=5%