At what rate percent per annum will Rs 3600 amount to Rs 4734 in 3 1/2 years.
qais:
compounded annually??
Answers
Answered by
133
If it is Simple interest then,
(Principle * rate of interest * year)/100 + principle = Amount
(3600 * r * 3.5)/100 + 3600 = 4734
(3600 * r * 3.5)/100 = 4734 - 3600
(3600 * r * 3.5)/100 = 1134
r = (1134 * 100)
-----------------
3600 * 3.5
r = 9 %
(Principle * rate of interest * year)/100 + principle = Amount
(3600 * r * 3.5)/100 + 3600 = 4734
(3600 * r * 3.5)/100 = 4734 - 3600
(3600 * r * 3.5)/100 = 1134
r = (1134 * 100)
-----------------
3600 * 3.5
r = 9 %
Answered by
177
please see the attachment.
Attachments:
Similar questions
English,
8 months ago
Social Sciences,
8 months ago
English,
8 months ago
Physics,
1 year ago
Physics,
1 year ago
Social Sciences,
1 year ago