Question

in how many years will rs 3600 amount to 4000 at the sale of 6% per annum

Answer 1

Answer:

R = 9% per annum

Step-by-step explanation:

this is the answer

Answer 2

$SI = \frac{P×R×T}{100}$

$Principal = 3,600$

$Amount = 4,000$

$T = 6 \: \%$

$R = ?$

$A-P = \frac{P×R×T}{100}$

$4,000-3,600 = \frac{3,600 \times r \times 6}{100}$

$400 = 36 \times r \times 6$

$r = \frac{400}{36 \times 6}$

$r = \frac{400}{216}$

$r = 1.851 \: (approx)$

$r = 2 \: \%$