At what rate percent per annum will a sum of
Rs.2000 amount to Rs.2205 in 2 years, compounded annually?
and the above question answer is is 10% per annum if your answer is not 10% so please don't tell me the answer
Answers
Answered by
1
AnSwEr :
I think sis ...... you have by mistake typed the wrong amount .
If 10% will be the rate of interest , then it should be 2400 amount instead of 2205.
Ok sis......
Answered by
0
Step-by-step explanation:
ANSWER
P=Rs.2000
R=5%
A=Rs.2205
A=P(1+
100
R
)
n
⇒2205=2000(1+
100
5
)
n
⇒
2000
2205
=(
100
105
)
n
⇒
400
441
=(
20
21
)
n
⇒(
20
21
)
2
=(
20
21
)
n
∵ Powers are equal if bases are equal n=2 i.e., Time =2 years
Attachments:
Similar questions