Math, asked by zivaa, 1 year ago

find the rate if a sum of 4000 amounts to 5290 in 2 years

Answers

Answered by raghavharsh

Bro/sis please mention simple and compound interest next time.
I’ll tell for simple interest.
4000*2*x is 1290(simple interest)
—————-
100

80x is 1290
8x is 129

X is 129/8
X is 16•125%

If it is correct then please please mark as brainliest

zivaa: answer is 15%

raghavharsh: Did I do some calculation mistake because I think that my method was correct

zivaa: I have also done in the same way and my answer is exactly the same as yours but the answer to this is 15

raghavharsh: Who said it’s 15

raghavharsh: I think the one who said 15% might be for compound interest.
We calculated for simple interest

raghavharsh: Anyway please mark as brainliest as I calculated for simple interest.
Please please please

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