Question

compound interest on sum of money at simple interest amounts to 1624 in 4 years and 1736 in 6 years the rate of interest per annum is..

Ans:4.5%
how??​

Answer 1

Answer:

1624 x 4.5 x 4 ÷ 100 = 29.232

1736 x 4.5 x 6 ÷ 100 = 468.72