Question

An amount become Rs 441 at the rate of 5% compounded annually in 2 years then the amount is ?​

Answer 1

Answer:

According to the given conditign

441-400(1+R100)2400(1+R100)2

=> 441400441400= (1+R100)2(1+R100)2

=> (2120)2(2120)2=(1+R100)2(1+R100)2

=> 21202120-1+R1001+R100

=> 2120-1-R1002120-1-R100 => R100=120

R100-120

R=5%

New rate = 5+5=10%

Amount=400(1+10100)2400(1+10100)2

=400×11/10×11/10400×11/10-11/10=RS.484