Question

If the amount of Rs. 400 /- for 2 years is 441 then find the annual rate of compound interest ​

Answer 1

Answer:

i=5%

Step-by-step explaination:

USE CI FORMULA

41=400[(1+i)^2-1]

solve this you will get 5%

Answer 2

Answer:

i=5%

Step-by-step explanation:

CI=P[(1+i)^n-1]

441=400[(1+i)^2-1]

after solving you will get 5%

I HOPE IT WILL HELP YOU