at what rate percent will 32000 amount to 32315-25 in 3 years at compound
interest?​

1 thought on “<br />at what rate percent will 32000 amount to 32315-25 in 3 years at compound<br />interest?​”

1. Answer:

   Amount =2315.25

   Time =3 Year

   Amount =P(1+

   100

   r

   )

   TM

   2315.25=2000(1+

   100

   r

   )

   3

   2000

   2315.25

   =(1+

   100

   r

   )

   3

   3000

   9261

   =(1+

   100

   r

   )

   3

   20

   21

   =1+

   100

   r

   100+r=

   20

   2100

   100+r=105

   r=5%

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