Question

At what rate of interest per annum will a sum of 8000 amount to 9260 in 3 and half years​

Answer 1

Answer:

R= 4.5℅

Step-by-step explanation:

P= 8000 A= 9260 N = 3 1/2years =7/2 ,I =A-P, I =9260-8000= 1260=Interest... I=P×R×N/100= , 1260= 8000× 7/2 ×R /100 . 1260 = 280N .N = 1260/280= 4.5 ℅