Question

Final amount is 11300 at 4%p.a. for 3 years 3 months

Answer 1

Logic: first you have to write" amount=principal ×cube of (1+r/100)×(1+r/100)to the power 1/3.

Step 2 put the value of amount,rate.
11300=principal ×cube of (1+4/100)×(1+4/100) to the power 1/3.
Step 3 solve the above logic.
Step 4 after solving" cube of (1+4/100)×(1+4/100)to the power 1/3.
step 5 leave principal in its place and divide the solved part with amount,but after reverseing the order.
Now, answer will be solved.