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CBSE Class 11-science Answered

kindly answer.
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Asked by Chawlakirti94 | 06 Apr, 2019, 01:17: AM
answered-by-expert Expert Answer
In 3 years initial amount M becomes (8/5)M  with  interest compounded annualy.
 
Hence , M[ 1 + (R/100) ]3 = (8/5)M    or [ 1 + (R/100) ] = begin mathsize 12px style cube root of 1.6 end root end style ≈ 1.17  
hence approximate value of R is 17%
Answered by Thiyagarajan K | 06 Apr, 2019, 04:01: PM

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