at what rate percentage p. a will a sum of Rs 6400 amount to Rs 74088 per 3 year of compound interest
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Answer:
5 %
i think there is a problem in this question if there will be a zero in 6400 this question will be perfect i am giving answer for this question with 64000 in place of 6400 is it be ok , so please mark me as brainlist as i have done this question 2 times
explanation:
a = p ( 1 + r / 100 ) ^n
74088 = 64000 ( 1 + r /100 ) ^3
74088/64000= ( 1 + r /100 ) ^ 3
9261 /8000 = ( 1 + r /100 ) ^ 3
21 / 20^3 = 1 + r / 100 ^ 3
both the powers are same so they will cut
21 / 20 - 1 = r / 100
1 / 20 = r / 100
100/ 20 = r
5 = r
rate of intrest is 5%
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