Question

The compound interest accrued on an amount of rs 21500 at a certain rate of interest at the end of 3 years is 7116.5.What is rate of interest?

Answer 1

I don't know anything mate

Answer 2

Answer:

"the answer to the question is :Amount = pricipal + interest= Rs(21500+ 7116.5)= Rs.28616.5

A = P (1+(R/100))^T

28616.5/21500=(1+(R/100))^3

286165/21500=(1+(R/100))^3

1331/1000=(1+(R/100))^3

(11/10)^3=(1+(R/100))^3

1+(1/10)=1+(R/100

R=1/10 *100 =10%

therefore; S.I=Principal*Rate*Time/100

=21500*10*3/100

=Rs.64500The principle and interest installment on a home loan is most likely the principle part of your month to month contract installment. The main is the sum you obtained and need to pay back, and premium is the thing that the loan specialist charges for loaning you the cash."

Explanation: