Respuesta :

mhanifa

Answer:

  • 10%

Step-by-step explanation:

Given:

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

Use formula:

  • I = P(1 + r)³ - P

Substitute values and solve for r:

  • 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%