At what rate percent per annum compound interest will 10000 amount to 13310 in 3 years
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Solution -
Given is
Principle = 10000
Amount = 13310
Time = 3 years
Find interest because =
R = 100*I/P*T (formula)
Interest = 13310-10000= 3310
R = 100*3310/10000*3 = 11.03%Ans
Solution -
Given is
Principle = 10000
Amount = 13310
Time = 3 years
Find interest because =
R = 100*I/P*T (formula)
Interest = 13310-10000= 3310
R = 100*3310/10000*3 = 11.03%Ans
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