Question

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

Answer 1

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$Principal, (P) = Rs.400 \\Amount, (A) = Rs.441 \\Time, (n) = 2 years \\ \\ Explanation \\ \\Using \: formula \: of \: the \: compounded \: \\ annually : \\ \\ 441 =400(1 + \frac{R}{100} {)}^{2} \\ \\ we \: get \: R \: = 5\%$

• Then find the annual rate of compound interest is 5%

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Answer 2

Answer:

the annual rate of compound interest is 5 percentage