Question

A sum of money lent at compound interest amounts to Rs. 1210 in two years and to Rs. 1464.10 in 4 years. Find the rate of interest.​

Answer 1

Explanation:

Let the rate of interest be R and P be the principal deposited.

Therefore,

P×(1+R/100)⁴/P×(1+R/100)² = 1464.1/1210

=> (100+R/100)² = 121/100 = (11/10)² =

=> 100×11/10 = 100+R

=>100+R = 110

=> R = 10

Answer 2

10 is the right answer ok

Hope it is help you

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