A bank has offered a deposit scheme, which will triple you money in 9 years; that is, if you deposit Rs 100 today, you can receive Rs 300 at the end of 9 years. What rate of return would you eam from the scheme?
Answers
Answered by
1
Answer:
20 percent
Explanation:
20 percent because they thrible the money. to 100: 300
Answered by
0
Answer:
r=((3*/*)1/9-1)* 100%
r=9%
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