We were given a puzzle to solve in our tution. But the answer was not accurate. So I want to ask you to help me
Situation is as follows:
A vegetable seller takes Rs.100 (Indian rupee) from a creditor and at the end of the day would pay him Rs.101 in return. He would do the same everyday. So what would be the rate of interest annually?
Hi shweta mane;
Welcome to the forum. I do not understand the question, could you clarify what you want?
In mathematics, you don't understand things. You just get used to them.
I agree with you regarding the satisfaction and importance of actually computing some numbers. I can't tell you how often I see time and money wasted because someone didn't bother to run the numbers.