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if the ratio of compund intrest to the simple intrest earned on a principal at the same rate of interest per annum for 3 years is 331:300 ,what is the rate of interest
if the ratio of compund intrest to the simple intrest earned on a principal at the same rate of interest per annum for 3 years is 331:300 ,what is the rate of interest
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Hi Vanshita Purohit,
P(1+r%)^3 - P/ P*3*r% = 331/300
Solving, we get r = 10 %
