Please answer it. It is about compound interest.
Attachments:
Answers
Answered by
1
c) option 5.5% is the correct answer
A = P[ 1 + r/100 ]^n
2226.05 = 2000[ 1+r/100]^n
√222605/√200000 = 1+r/100
1055/1000 = 1+r/100
r/100 = 55/1000
r = 55/10
r = 5.5%
A = P[ 1 + r/100 ]^n
2226.05 = 2000[ 1+r/100]^n
√222605/√200000 = 1+r/100
1055/1000 = 1+r/100
r/100 = 55/1000
r = 55/10
r = 5.5%
rksharma2580:
do you need explanation
??!
Yes
Please
plz mark is brilliant answer
i have attached the explanation also
Similar questions