Math, asked by lonesahiba8, 3 months ago

who ever will give me the right answer I will make him/her brainleist student​

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Answers

Answered by ChDeepanshuNagar
1

Answer:

Rate = 5%

Step-by-step explanation:

Compound interest i.e   A = P (1+r)^{t}

Given;

        A  =  2315.25

        P  =  2000

         t  =   3 years

         r  =  ?

Now, substitute the values

         2315.25  =  2000 (1+r)^{3}

            1.1576  =  (1+r)^{3}

                1.05  =  (1 + r)

               0.05  =  r

                  5%  =  r

There is one more term (n = number of times interest applied per time period)  in the compound interest formula which I didn't use as it was not given and not required.

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