Q. Find the rate at which Rs.4,000 will give Rs.630.50 as compounded quarterly in 1 year?
Answers
Answered by
2
Step-by-step explanation:
Principal = 4000 amount = 4630.50 t = 4 ( as it is compounded quarterly)
a = p×(1+r/100) ^t
4630.50 = 4000(1+r/100)^4
4630.50/4000=(1+r/100)
463050/400000. = (1+ r/100)
463050/400000 = 1 + r^4 / 100000000
463050/400000 - 1 = r^4/100000000
463050-400000 /400000 = r ^4/100000000
63050/400000 × 100000000 = r^4
15762500 = r^4
r = 15762500 ka 4 wala root
now you can solve this
Similar questions