14 At what rate % of CI will4000 amount to? 5324 in three years?

1.	14 At what rate % of CI will4000 amount to? 5324 in three years?
Answer» 5324 = 4000(1+R/100)(1+R/100)(1+R/100) 1331/1000 = (1+R/100)(1+R/100)(1+R/100) 111111/(101010) = (1+R/100)(1+R/100)(1+R/100) 11/10 = 1 + R/100 R/100 = 11/10 - 1 = 1/10 R = 10% If you find this answer helpful then like it.

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5324 = 4000(1+R/100)(1+R/100)(1+R/100) 1331/1000 = (1+R/100)(1+R/100)(1+R/100) 11*11*11/(10*10*10) = (1+R/100)(1+R/100)(1+R/100) 11/10 = 1 + R/100 R/100 = 11/10 - 1 = 1/10 R = 10%

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14 At what rate % of CI will4000 amount to? 5324 in three years?

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