Question

If `3000 amounts to `3630 in two years under compound interest, interest being compounded annually, what is the annual rate of interest?

Answer 1

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 2

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