Question

What sum amount to RS 1044 in 4 years at the rate of interest of 4% per annum

Answer 1

Answer:

Let  the sum be x.

1044=x(1+ 4/100)⁴

1044=x(1+ 1/25)⁴

1044=x* (26/25)⁴

x=1044*25*25*25*25 / 26*26*26*26