At what rate will 3000 amount to 3360 in 3years?
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Answer:
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Answered by
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Answer:
4% per annum
Step-by-step explanation:
principal=3000
A=3600
Interest = principal - A
Interest = 3360-3000
= 360
Rate = S . I * 100/P * T
= 360*100/3000*3
Rate = 12000/3000
= 4%per annum
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