Accountancy, asked by rkjha5418, 1 month ago

If an amount of ₹2000 invested at some rate of interest becomes ₹3500 after 4 years, find
the rate of interest p.a.?

Answers

Answered by guptapooja2300

Explanation:

2.1a. Simple and Compound Interest

We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for retirement, or need a loan, we need more mathematics.

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If an amount of ₹2000 invested at some rate of interest becomes ₹3500 after 4 years, find the rate of interest p.a.?

Answers

If an amount of ₹2000 invested at some rate of interest becomes ₹3500 after 4 years, find
the rate of interest p.a.?