Question

at what rate of compound interest will rupees 20000 become 24200 after 2 years give me answer ​

Answer 1

Step-by-step explanation:

principal=20000

time=2years

Amount=24200

rate=R%

amount=principal (1+R/100)^n

24200=20000(1+r/100)^2

24200/20000=(100+r/100)^2

242/200=(100+r/100)^2

121/100=(100+r/100)^2

(11/10)^2=(100+r/100)^2

11/10=100+r/100

1100/10=100+r

110=100+r

110-100=r

10=r%