Question

IF 40,000 Rupees amount to 5,290 Rupees in years. find the
rate of compound interest.​

Answer 1

Answer:

your answer is 15%

Step-by-step explanation:

Given: if ₹4000 amounts to₹5290 in 2 years

To find: the rate of compound interest

solution:

using the formula:

A=P(1+r)^t

where A=5290;P=4000;r=x; t=2years

substitute the value:

5290=4000(1+r/100)^2

5290/4000=(1+r/100)^2

√1.3225=1+r/100

1.5=1+r/100

r/100=0.15

r=15%

Therefore the rate of compound interest is 15%

mark me as a brain list