P= 10,000
A= 13,310
T= 3 years
compound annually
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Answers
Answered by
1
Let the required rate be x% p.a.
Here,A=Rs.13310,P=Rs.10000,t=3 years.
Using formula:
A=p(1+
100
R
)
n
⟹13310=10000(1+
100
x
)
3
13310=10000[
100
(100+x)
]
3
⟹
10000
13310
=[
100
(100+x)
]
3
⟹(
10
11
)
3
=[
100
(100+x)
]
3
⟹
10
11
=
100
(100+x)
⟹11×100=10×(100+x)
⟹1100=1000+10x
⟹1100−1000=10x
⟹10x=100
x=10
Hence ,the required rate =10%p.a.
Answered by
1
Answer:
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