Question

31. A sum becomes 6050 after two years and 7320.50 after four years. The
sum is -
(D) 5500
(C) 4800
(B) 4500
(A) 5000
(E) None of these
​

Answer 1

Answer: E

Step-by-step explanation:

Answer 2

Answer:

A) 5000

Step-by-step explanation:

6050 = p(1+(r/100))^2

7320.5 = p(1+(r/100))^4

Let's divide them to get the value of r

p(1+(r/100))^4/p(1+(r/100))^2 =7320.5/6050

1+(r/100)^2=7320.5/6050

find the value