Question

At what rate percent per annum will Rs 4000 amount to Rs 4410 in 2 years when compounded annually?​

Answer 1

I think answer is right

first we find interest 4410-4000=410

rate is equal to 410×100

4000×2

41

2

=20.5

Answer 2

Step-by-step explanation:

Principal P = Rs.4000

Time(t) = 2 years

Amount A = Rs. 4410

Rate of interest = ?

No. of compound per year n = 1

formula- A = P ( 1+r/100)^n

4410=4000(1+r/100)^2

simply this u will get 5%per annum

hence rate of interest is 5% per annum

hope it is helpful to you

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