Question

At what rate per cent annum will rs. 3600 amount to 4734 in 3 1/2 years?

Answer 1

Answer:

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Answer 2

Answer:

Interest rate = 9%

Step-by-step explanation:

Amount after 3 1/2 years = 4734

Principal = 3600

Interest = 4734 - 3600 = 1134

Interest = Principal*Number of years*rate/100

1134 = 3600*3.5*r/100

r = 1134*100/(3600*3.5) = 9