Question

at what rate percent will 2000 amount tourist 2315. 25 in 3 years compound interest

Answer 1

P =2000
A=2315.25
I=A-P
I=2315.25-2000=315.25
I=(P*R*T)/100
therefore,R=(100*I)/(P*T)=1261/240=5.25417%
R=5.25(approximately)