Question

At what rate percent per annum will ₹8000 produce ₹400 interest in 2 years?​

Answer 1

Step-by-step explanation:

Amount=P(1+100R)n

⇒774.40=640(1+100R)2

⇒10077440=640(1+100R)2

⇒107744=640(1+100R)2

⇒107744÷640=(1+100R)2

⇒64007744=(1+100R)2

⇒(8088)2=(1+100R)2

⇒1+100R