at what rate of interest will ruppes 5600 amount to rupees 7168 in 4 years
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Answer:
7% rate of interest
Step-by-step explanation:
A=P+I
7168=5600+I
I=7168-5600
I=1568
I=PNR/100
1568=5600*4*R/100
156800=5600*4*R
156800=22400*R
R=156800/22400
R=7%
RATE OF INTEREST IS 7p.c.p.a.
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