18. At what percentage per annum, will * 10,000 amount
to 17,280 in three years? (Compound Interest being
reckoned)
(a) 20%
(c) 24%
(b) 14%
(d) 11%
Answers
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Answer:
20%
Step-by-step explanation:
17280=10000(1+R/100)³
17280/10000=(1+R/100)³
(17280/10000)³=(1+R/100)³
(1728/1000)³=(1+R/100)³
12/10=1+R/100
R/100=12/10–1
R/100=2/10
R=20