At what percent will a sum of Rs.64,000 be coumpounded to Rs.68,921 in 3 years?
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amount =68921
principal=64000
time=3 years
A=P[1+r/100]^n
68921=64000[1+r/100]^3
68921/64000=[1+r/100]^3
taking cube root
41/40=1+r/100
r/100=41/40-1
r/100=1/40
r=100/40=2.5%
HOPE IT HELPS U__
principal=64000
time=3 years
A=P[1+r/100]^n
68921=64000[1+r/100]^3
68921/64000=[1+r/100]^3
taking cube root
41/40=1+r/100
r/100=41/40-1
r/100=1/40
r=100/40=2.5%
HOPE IT HELPS U__
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