Math, asked by rupesh2170, 6 months ago

If an amount becomes 4 times in 2 years and 9 times in 4 years, find the rate of compound interest.​

Answers

Answered by Rishigaming
2

Answer:

At 100% rate of interest, the Principal doubles itself in one year. Since it is compound interest, the Principal for the second year would be 2P. This again doubles itself in another year because Interest rate is 100%.

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