plz solve this

[elder flume]

A person gives $10000 to a person and after 3 years he recieves $16000, then find the rate of interest of every year.
I want the answer of rate of interest like this R¹, R² and R³.

[jade kraken]

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[elder flume]

.

?

Hello?

Anybody here?

[glacial ocean]

yo

still need help?

[glacial ocean]

this is compound interest yea

[glacial ocean]

10, 000 x R³ = 16,000

did u delete smth?

16000/10,000 = 1.6

[elder flume]

Yes

[glacial ocean]

normally if they dont tell what interest it is its prolly compounf interest

[elder flume]

Oh

Then all the tine I was wrong and question is not complete right?

Because I have done all the things sir

All the ways to solve this question

[glacial ocean]

our syllabus might be different and the way questions are structured

how do you normally do it?

cuz i was abt to do compound interest

[elder flume]

Well u r right sir

But my father ask me to find the rate of interest of every year

[glacial ocean]

so its compound interest?

how exactly do you want the question answered

[glacial ocean]

rate of interest each year compared to starting value
rate of interest compared to the year before
or adding simple interest each year

[elder flume]

Rate of interest compared to the year before

[glacial ocean]

but R1 R2 and R3 will be the same no matter what year no?😭

mb i dont think im the person to help

[elder flume]

No its ok

The question is incomplete

Thanks for trying to help me

Very very thanks

😊🥺😊😊😌

[glacial ocean]

[thick prawn]

+close