I need explanation of this question. Answer is ₹5000
a sum becomes rupees 6050 after 2 years and rupees 7320. 50 after 4 years the sum is
(A)₹5000
(B)₹4500
(C)₹4800
(D)₹5500
(E)None of these
Answers
Answered by
5
Answer:
P° = P(1+r)ⁿ
6050 = P (1 +R)²
7320.5 = P (1 +R)⁴
Step-by-step explanation:
This is a compound interest
P° = P(1+r)ⁿ
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