Question

A sum of money amounts to rupees 125000 when invested for 2 years at the rate of 4.8% per annum compounded annually find the original number

Answer 1

Answer:

Let the sum be s

Rate be r

For 2 years ,57600=s(1+r)

2

For 4 years ,65536=s(1+r)

4

(1+r)

2

=

57600

65536

⟹r=0.0667

s=50,625

Answer r=0.0667,s=50,625