Question

4. The annual rate of compound interest at which 8000 will become ? 10648 after 3 years is
(D​

Answer 1

After 3 years rupees 8000 will amount to 9261.

Step-by-step explanation:

Amount = 9261

Rate of interest = 5%

Principal = 8000

Formula for amount:

Where, P is principal, r is rate of interest and t is time in years.