Question

if. rs. 10000. amounts. to. rs 13310. at. the. compound. interest. find. the. rate. of. interest

Answer 1

The answer is 10%  

FV=PV(1+r)∧n  

13310 = 10000(1+r)³

(1+r)³ = 13310/10000  

1+r = ∛1.331

1+r = 1.1

r = 1.1-1 = 0.1 or 10%