5. What will be a sum which becomes
25
times for 2 years. At what rate
16
of C.I. compounded annually ?
Innn
Answers
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Step-by-step explanation:
Sum becomes 25times in two years ,
it means it becomes 5 times in one year,
Principal = 1 , Amount (after one year) = 5
Interest = 4
Rate = 4/1 * 100 = 400%
Now,
P = 16 after two years it will become 25 times = 16*25 = 400
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