at what rate will rupees 3000amount to rupees 3360 in 3 years
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(P×R×T)/100=SI
3000×R×3=360×100
R=6%
3000×R×3=360×100
R=6%
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Assume it's simple interest.
P r t = interest
3000 * r /100* 3 = 3360 - 3000
r = 4%
For compound interest: apply P*(1 + r/100)^t = 3360
1+ r/100 = 1.120^1/3. Find r.
P r t = interest
3000 * r /100* 3 = 3360 - 3000
r = 4%
For compound interest: apply P*(1 + r/100)^t = 3360
1+ r/100 = 1.120^1/3. Find r.
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