Question

how to find compound interest rate when amount=4620 and principal=3750and time =3 years​

Answer 1

Answer:

A = Rs. 4620

P = Rs. 3750

I = A – P = Rs. 4620 – Rs. 3750 = Rs. 870

T = 3 years

solution...

R = (100 × I)/(P × T) = (100 × 870)/3750 = (4 × 29)/15

= 116/15 =  answer- 7. 11/15%