Question

At what rate per anum will rs 50000 amount to rs86400 in 3 years if tge interest is compounded anually

Answer 1

Answer:

Step-by-step explanation:

Amount=p(1+r/100)3

86400=50000((100+r)/100)³

86400/50000=(100+r)³/1000000

(100+r)³=1728000

(100+r)³=(120)³

100+r=120

r=120-100

r=20