Question

rupees 8000 amount to rupees 10648 in 3 years at compound interest find the rate of interest​

Answer 1

33.1%

Step-by-step explanation:

A=P(1+r)

t

10648=8000(1+r)

1

8000

10648

=1+r

⇒

8000

10648−8000

=r

⇒r=0.331=33.1%.