Math, asked by sangram913, 10 months ago

At what rate per cent per annum will rs 8000 amount to rs 9261 in 3 years compounded annually.

Answers

Answered by Anonymous

7

Answer:

6.75% p.a.

Step-by-step explanation:

Simple Interest = Principal x Time x Rate / 100

S.I. = 8000 x 3 x R / 100

S.I. = 240 x R = 9621 - 8000 = 1621

Rate per annum = 1621 / 240

= 6.75 (approx.)

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