Question

At what rate of compound interest, * 10,000 amounts to 14,641 in 4 years.​

Answer 1

Answer:

Step-by-step explanation:

Let the rate be R% p.a.

Then,10000(1+R2×100)4=14641

⇒(1+R200)4=1464110000=(1110)4

⇒1+R200=1110

⇒R200=110

⇒R=20%