If `3000 amounts to `3630 in two years under compound interest, interest being compounded annually, what is the annual rate of interest?
Answers
Answer:
Answer:10%
Answer:10%Step-by-step explanation:
Answer:10%Step-by-step explanation:A=3630
Answer:10%Step-by-step explanation:A=3630P=3000
Answer:10%Step-by-step explanation:A=3630P=3000n=2
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^2
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/100
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/100
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/1001/10=r/100
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/1001/10=r/100r=10
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/1001/10=r/100r=10
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/1001/10=r/100r=10 rate is 10%
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/1001/10=r/100r=10 rate is 10%hope it help
Answer:10%Step-by-step explanation:A=3630P=3000n=2A=(1+r/100)^n3630=3000(1+r/100)^23630/3000=(1+r/100)^2121/100=(1+r/100)^2√121/√100=1+r/10011/10-1=r/1001/10=r/100r=10 rate is 10%hope it helpplease mark as brainilist answer
Answer:
Answer:
10%
Step-by-step explanation:
Initial amount- 3000
Sum in two years- 36030
Interest- compounded yearly x 2 years
Interest rate-x
3000*(1+x)^2=3630
(1+x)^2= 3630/3000
(1+x)^2=1.21
1+x=1.1
x=0.1 = 10%
Answer is 10% interest rate