Ques. A sum of money is deposited in a bank which compound interest
semiannually. The amount at the end of 4 years is Rs 6333.85 and the amount
became RS 8023.53 at the end of 8 years. Find the money deposited and the interest rate
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Answer:
The money deposited will be =4,644.17, the interest rate is = 36.38281975035367
Step-by-step explanation:
This we can get by seeing the money in 4 years and 8 years, what I did was that I subtracted 6333.85 from 8023.53 then got 1,689.68 that means the interest of four years is increased by 1689.68 rupees. Then I subtracted 1689.68 rupees from 6333.85 so that I get the actual money and that was 4,644.17 and calculated how much percent of 4,644.17 is 1689.68 rupees and the answer came as 36.38281975035367. Hope it will help you.
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Answer:land
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