What sum amount Rs 1044 in 4 year at the rate of intrest of 4% per annum?
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No matter what the sum is, it is given that it is increasing 4 % every year. So it will be increased by 16% by the end of 4 years.
Let's assume the sum was 100% earlier and after 4 years it has become 116% by the virtue of 16% increase.
As per question,
116 % = 1044
1 % = 9
100% = 900
the sum was assumed to be 100 %. so the sum is 900. answer.
Let me know if you have any doubts.
Let's assume the sum was 100% earlier and after 4 years it has become 116% by the virtue of 16% increase.
As per question,
116 % = 1044
1 % = 9
100% = 900
the sum was assumed to be 100 %. so the sum is 900. answer.
Let me know if you have any doubts.
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