Question

A sum amounts to 6600 in 1 years and 7986 in 3 year at compound interest find the rate and the sum

Answer 1

Answer:

GIVEN,

A=7986

P=6600

R=r

T=3yrs

Explanation:

=> A=P(1+r/100)n

=>7986=6600(1+r/100)3

=>7986/6600=(1+r/100)3

=>now u can solve that