urgent pls solve and send
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hello,
we know that
A=P(1+r/100)ⁿ
where A is amount,P is principal r is rate of interest n is no. of years
583.20=500(1+r/100)²
583.2/500=[(100+r)/100]²
583.2/500=(100+r)²/10000
583.2/500×10000=(100+r)²
11664=(100+r)²
100+r=√11664
100+r=108
r=8
therefore,rate of interest is 8%
hope this helps,if u like it please mark it as brainliest
we know that
A=P(1+r/100)ⁿ
where A is amount,P is principal r is rate of interest n is no. of years
583.20=500(1+r/100)²
583.2/500=[(100+r)/100]²
583.2/500=(100+r)²/10000
583.2/500×10000=(100+r)²
11664=(100+r)²
100+r=√11664
100+r=108
r=8
therefore,rate of interest is 8%
hope this helps,if u like it please mark it as brainliest
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