Economy, asked by rintu9305, 1 year ago

A sum of 40000componded annually be comes rs 44100 in 2 years. The rate of intereat per annum is

Answers

Answered by Pranaykumar987
0
P = ₹40000
A= ₹44100
T= 2 y
A= P(1+r/100)²
44100= 40000 (1+r/100)²
44100/40000 = (1+r/100)²
(210/200)² = (1+r/100)²
( after cancelling squares on both sides)
210/200 =1+r/100
210/200-1 =r/100
10/200 = r/100
r = 10×100/200
= 5 %

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