Question

A sum of money if invested at compound interest for 2 years amounts to 57,600 and 65,536 in 4 years. Find the rate and the sum.​

Answer 1

Answer:

Hare is your answer

Step-by-step explanation:

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