Question

2. At what rate per cent per annum compound interest on Rs
3000 amount to Rs 3630 in 2 years?​

Answer 1

Answer:

10

Step-by-step explanation:

A=3639

P=3000

T=2

R=?

A=P(1+R/100)^t

3639/3000=(100+R/100)²

121/100=(100+R/100)²

(11/10)²=(100+R/100)²

1100=1000+10R

1100-1000=10R

100/10=R

R=10