Math, asked by satosh, 1 year ago

A sum of rs 200 lent out at compound interest compounded annually amount to rs 220.50 in2y. what is the rate of interest....

Answers

Answered by Anonymous
6
Heya !!

Here's your answer !!!

Use the formula for compound interest.

P = ₨200. A= Rs 220.50. n= 2years
r= ??

A = p (1+r/100)²

220.50 = 200×(1+r/100)²

1+r/100 = √1.1025 = 1.05125 approximately.

r = 5.125% approx.

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@vaibhav246
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