At what rate of interest will ₹.24,000 amount to ₹.28,863
in 3 years, interest compounded annually?
Answers
Answered by
0
formula
A=p(1+r/100)n
where p=principal amount
r=rate of interest
n=time in years
ATQ,
A=24000(1+5/100)3
A=24000+(105/100)3
A=24000*105/100*105/100*105/100
Amount =27783
hope it helps!!
THANKSSS!!
Similar questions