Question

at what rate per cent per annum 4000 amount to 4410 in 2year when compunded annually

Answer 1

t = 2y
p= 4000
a= 4410
so
a= p (1+r/100)^2
4410 = 4000 ( 100+r/100) ^2
21/20= (100+r/100)
21×5= 100+ r
105 = 100+r
r= 5% pa

Answer 2

Step-by-step explanation:

t = 2y

p= 4000

a= 4410

so

a= p (1+r/100)^2

4410 = 4000 ( 100+r/100) ^2

21/20= (100+r/100)

21×5= 100+ r

105 = 100+r

r= 5% pa

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