Question

Amount- 2315
Principle- 2000
Time- 3 years
Rate- ?
$amount = principle(1 \ + \frac{r}{100}) ^{n}$
$2315 = 2000( 1 \ + \frac{r}{100} ) ^{3}$

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Answer 1

Answer:

Amount =2315.25

Time =3 Year

Amount =P(1+ 100/r ) TM

2315.25=2000(1+ 100/r ) 3

2000/2315.25 =(1+ 100/r ) 3

3000/9261 =(1+ 100/r ) 3

20/21=1+ 100/r

100+r= 20/2100

100+r=105

r=5%

Step-by-step explanation:

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