a certain sum of money amounts to ₹4800 in 4 years and 5200 in 6 years.Find the sum of money and the rate of interest.
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12 is the answer !!!!hope u like it
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We know,
A=P(1+100r)n
Let the sum is x and rate is r
x(1+100r)2=4800−−−−(I)
x(1+100r)4=6400−−−−(II)
devide (I) by (II)
(1+100r)2=34
1+100r=32
100r=32−1
from (I)
x(1+32−1)2=4800
x×3
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