(4)
A bank promises to give you Rs. 5,000 after 10 years in
exchange of Rs. 2,000 today. What is the interest rate
involved in this offer ?
Answers
Answered by
1
Answer:
Ha you are unwell and cannot attend the classes are you doing today then I will be there for you to be a good day at y I don't know what to
poojaruparelia94:
ok
Answered by
4
Explanation:
A = P [1 + (r/100)]^n
A = 5000
P = 2000
n = 10
5000 = 2000 [1+0.0r]^10
5000/2000 = (1+0.0r)^10
2.5 = (1+0.0r)^10
taking tenth root on both sides
(2.5)^(1/10) = 1 + 0.0r
1.1 = 1 + 0.0r
0.1 = 0.0r
0.1 = r/100
r = 0.1 * 100 = 10% (approx)
Chalo branliest banao ab
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