Correct Answer:
Description for Correct answer:
\( \Large A=P \left(1+\frac{1}{100}\right)^{3}\)\( \Large \frac{1331}{1000}= \left(1+\frac{R}{100}\right)^{3}\)\( \Large\left(\frac{11}{10}\right)^{3}= \left(1+\frac{R}{100}\right)^{3} \)\( \Large \frac{11}{10}-1=\frac{R}{100} \)\( \Large \frac{R}{100}=\frac{1}{10} \)
R= 10%
Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest
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