who ever will give me the right answer I will make him/her brainleist student
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Answer:
Rate = 5%
Step-by-step explanation:
Compound interest i.e A = P
Given;
A = 2315.25
P = 2000
t = 3 years
r = ?
Now, substitute the values
2315.25 = 2000
1.1576 =
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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