at what rate percent will be the sum of 64000 rupees be compounded 68921 in 3 years
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Answered by
3
A= p(1+r/100)^t
68921=64000(1+r/100)^3
68921/64000=(1+r/100)^3
(41/40)^3=(1+r/100)^3
Equating bases of same powers
41/40=1+r/100
1/40=r/100
100/40=r
2.5=r
The rate of percent is 2.5%
68921=64000(1+r/100)^3
68921/64000=(1+r/100)^3
(41/40)^3=(1+r/100)^3
Equating bases of same powers
41/40=1+r/100
1/40=r/100
100/40=r
2.5=r
The rate of percent is 2.5%
Answered by
18
Answer:
R = 2.5%
- The Rate is 2.5%.
Hope it will be helpful ✌️
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