Question

At what rate per cent annum will 3600 amount to 4734in 3 1/2
years at the same rate per cent ​

Answer 1

Answer:

We have,

P=Rs.3600

A=Rs.4734

T=321=27 years

R=?

We know that

A=P+S.I

S.I=100PRT

Therefore,

A−P=100PRT

4734−3600=1003600×R×27

1134=36×R×27

1134=18×R×7

R=9%

Hence, this is the answer