If 10000 amount to Rs 13310 in 3 years at compound interest, find the rate of interest.
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YOUR ANSWER IS HERE:-
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let's r=the interest
then according to the formula of compound interest,,
Balance amount = A = P* (1+r/100)^3 = 10000* (1.1)^3 = 10*11^3 = 13310.
Hope it will help u. :)
---------//////-----------//////----
let's r=the interest
then according to the formula of compound interest,,
Balance amount = A = P* (1+r/100)^3 = 10000* (1.1)^3 = 10*11^3 = 13310.
Hope it will help u. :)
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