Question

At what rate per annum ₹8000amount to ₹9261in 3years compounded annually find rate
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Answer 1

Answer:

GIVEN:-

Amount =9261 Rupees

Time (n)= 3 Years

Principal=8000 Rupees

SOLUTION:-

Amount= Principal*(1+(Rate/100))^n

=>9261=8000*(1+(R/100))^3

=>(21/20)^3=(1+(R/100))^3

=>((21/20)-1)=(R/100)

=>(21-20)/20=(R/100)

=>(1/20)= (R/100)

=>R=100/20

=>R=5%

Step-by-step explanation:

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