at what rate percent will rupees 6345 amount to rupees 7288 in 7 yeqrs, interest being compounded yearly
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amount = 6345× (1+r/100)^7
root 7(7288/6345)= 100+r/100
3.562/3.493 = 100+r/100
356200= 349300+ 3493r
356200- 349300= 3493r
6900 = 3493r
r = 1.975%
root 7(7288/6345)= 100+r/100
3.562/3.493 = 100+r/100
356200= 349300+ 3493r
356200- 349300= 3493r
6900 = 3493r
r = 1.975%
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