Math, asked by Aadi6885, 5 months ago

At what rate per cent per annum will Rs 1000 amount to Rs 1331 in 3 years? The interest is compounded yearly.

Answers

Answered by jjasmeen012

1

Answer:

We have,

A=Rs. 1331

P=Rs. 1000

T=3 years

R=?

We know that

A=P(1+100R)T

Therefore,

1331=1000(1+100R)3

10001331=(1+100R)3

1011=1+100R

100R=101

R=10%

Hence, this is the answer

Step-by-step explanation:

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