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sp2606 [1]
3 years ago
6

Pin this please answer my question i will make you a brainlist .....​

Mathematics
1 answer:
cricket20 [7]3 years ago
5 0

Answer:

  • 10%

Step-by-step explanation:

<u>Given:</u>

  • Borrowed amount P = Rs 100000
  • Time t = 3 years
  • Number of compounds n = 3
  • Interest I = Rs 33100
  • Rate r = ?

<u>Use formula:</u>

  • I = P(1 + r)³ - P

<u>Substitute values and solve for r:</u>

  • 33100 = 100000(1 + r)³ - 100000
  • 133100 = 100000(1 + r)³
  • (1 + r)³ = 133100/100000
  • (1 + r)³ = 1.331
  • 1 + r = ∛1.331
  • 1 + r = 1.1
  • r = 0.1  or 10%
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