Math, asked by sandhumonika59, 4 months ago

Find the rate of compound interest when 521 amounts to 1008 in 15 years

Answers

Answered by arsh273

2

Answer:

1008 = 521(1+r/100)^15

1008/521 = (1.01r)^15

r^15 = 1.666

r = 1.034 %

Previous Question

Next Question

Similar questions

Biology, 1 month ago

A few cells and associated entities are listed. Which of them represents the correct ascending order of the size relative to each other? (a) Mitochondrion < Paramecium Nucleus < Erythrocyte < E. coli (b) Mycoplasma ...

Biology, 1 month ago

What is Diploma course?

English, 1 month ago

Write a letter to the Regional Traffic officer (RTO) Complaining about the increase in the number of accidents due to reckless driving. No Spam please or else you will be reported!!

India Languages, 4 months ago

7. Consider following statements : Statement I: All the energy received by the earth is from the sun through electromagnetic radiation. Statement II : The earth also radiates back all the received energy through various ways to maintain the heat budget of the planet. Choose the correct answer using the options given below:...

English, 4 months ago

prepare a pomplet importance of ground water...

Social Sciences, 10 months ago

imagine an ideal environment where you would love to live draw the picture of your ideal environment...

Hindi, 10 months ago

nandiko se kaisa vyavahar karna chahiye?

Math, 10 months ago

25] Two places A and B are 160 km apart on a highway. One car starts from A and another car B at the same time. If they travel in the same direction they meet in 8 hours. But if they travel towards each other they meet in 2 hours. Find the speed of both the cars A and B.