if the sum ₹ 3000 amount to ₹3993 in 3 years the interest is compo

1.	if the sum ₹ 3000 amount to ₹3993 in 3 years the interest is compounded annually then the rate percent per annum is??
Answer» Answer: INTEREST in compound interest = P P=3000, r = 10, N=?, interest = 3993 Substituting the values in the FORMULA, we get Interest = 3000 3993 = 3000 1.331 = n = 3 The TIME needed is about 3 years. Please like and mark as brainliest.

if the sum ₹ 3000 amount to ₹3993 in 3 years the interest is compounded annually then the rate percent per annum is??

Answer»

Answer:

INTEREST in compound interest = P

P=3000, r = 10, N=?, interest = 3993

Substituting the values in the FORMULA, we get

Interest = 3000

3993 = 3000

1.331 =

n = 3

The TIME needed is about 3 years.

Please like and mark as brainliest.

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if the sum ₹ 3000 amount to ₹3993 in 3 years the interest is compounded annually then the rate percent per annum is??​

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if the sum ₹ 3000 amount to ₹3993 in 3 years the interest is compounded annually then the rate percent per annum is??