Math, asked by hemarya2604, 10 hours ago

5. An investment of ₹1000 in a fixed deposit scheme becomes ₹4000 in 11 years. FInd the rate of interest compounded annually.

Answers

Answered by akshithmanju2006

0

Answer:

12.67%

Step-by-step explanation:

CI = P( 1 + r/100)^t

P = 1000

t= 11

CI= 4000

4000 = 1000(1+r/100)^11

4 = (100+r/100)^11

Answered by headtb2

0

Answer:

Step-by-step explanation:

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