At what rate percent per annum will Rs.58000 amount to Rs.80620 in 3 years?
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Step-by-step explanation:
A = P + S.I.
S.I. = A - P
S.I. = 80620 - 58000 = 22,620 rupees
22,620 = 58000 × 3 × R / 100
22,620 = 580 × 3R
2262 = 58 × 3R
39 = 3R
R = 39/3 = 13 %
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