. At what rate per cent per annum compound
interest, will 4000 amount to 5324 in 3 years?
Answers
Answered by
9
Answer:
AMOUNT = 5324
PRINCIPLE = ₹ 4000
so
5324 = 4000( 1 + r )/100^3
= 5324 /4000 = [ 1000 + r ) / 100 ] ^3
= 11/10 * 100 =100+ r
= r =100 - 110
= r = 10
hope it helps u
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