0
0

If the amount is $3\frac{3}{8}$ time the sum after $3$ years at compound Interest compounded annually, then the rate of Interest per annum is

If the amount is $3\frac{3}{8}$ time the sum after $3$ years at compound Interest compounded annually, then the rate of Interest per annum is
1). 25%
2). 50%
3). $16\frac{2}{3}%$
4). $33\frac{1}{3}%$

This Question has 2 answers.

Answer for this question is option 2

A = P ($1+\frac{R^{T}}{100}$)

$\frac{27}{8}$X = X ($1+\frac{R^{3}}{100}$)

($1+\frac{R^{}}{100}$)= $\frac{3}{2}$

$R= \frac{1}{2}\times100$

R = 50%

Add Answer / Comment

Captcha Image