A sum of money, at compound interest, amounts to ₹8,100 in 5 years and to ₹ 8,748 in 6 years. Find amount in 4 years.
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Answer:
compound interest in 5years = 8100
compound interest in 6years= 8748
difference is = 648
calculate the rate of interest is
= 648/8100*100
= 8%
= amount in 4years after compounded annually
= 8100*100/108
= 7500
the amount in 4 years is 7500.
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