the rate
cent per
5. At what rate per
annum compound
interest, will 34000 amount to 5324 in 3 years?
Answers
Answered by
1
Amount is ₹5324
Principal is ₹4000
so,
5324= 4000(1+r/100)^3
=5324/4000=[(100+r)/100]^3
=11/10*100=100+r
=r=110-100
=r=10
Similar questions
Chemistry,
3 months ago
English,
3 months ago
Hindi,
3 months ago
Social Sciences,
10 months ago
Math,
10 months ago