Question

. At what rate per cent will a sum of 64,000 be compounded to * 68,921 in three
years?
.
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Answer 1

Answer:

2.5 % is the rate of interest

Step-by-step explanation:

Here ( P ) principal = ₹64000

( A ) Amount = ₹68921

( n ) Time period = 3 yrs

Let R be the rate of interest

We know that amount = P ( 1 + R/100 )

And by using this formula,we have the answer as 2.5 %

Hope it helps