Question

when a sum of rupees 10000 is compounded annually rupees 13310 is obtained after three years find the rate of interest​

Answer 1

Answer:

10%

step by step explaination

13310 = 10,000 (1+r/100)^3

13310 /10,000 = (1+r/100)^3

1.3310 =(1+r/100)^3

(1.1)^3-1 = 0.10

Hence r = 10%