Question

At what rate per cent per annum will Rs.50,000 amount to Rs.86,400 in 3
years, if the interest is compounded annually?​

Answer 1

Answer:

Step-by-step explanation:

Rs. 50000(1+R/100)^3=Rs.86400

(1+R/100)^3=Rs.86400/Rs.50000

(1+R/100)^3=(6/5)^3

R/100=6/5-1

R=1/5*100=20%

Answer 2

Answer:

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