Question

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

Answer 1

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