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CBSE Class 8 Answered

At what rate per cent per annum of compund interest will rs 2000 amount to rs 2508.80 in 2 year?
Asked by sanghyasingh90 | 14 Oct, 2019, 01:48: PM
answered-by-expert Expert Answer
begin mathsize 16px style We space know space that comma
straight A equals space straight P open parentheses 1 space plus space straight r over 100 close parentheses to the power of straight n
rightwards double arrow space 2508.80 equals 2000 open parentheses 1 space plus space straight r over 100 close parentheses squared
rightwards double arrow 2508.80 equals 2000 open parentheses fraction numerator 100 plus straight r over denominator 100 end fraction space close parentheses squared
rightwards double arrow 12544 space equals space open parentheses 100 space plus space straight r close parentheses squared
rightwards double arrow 100 space plus space straight r space equals space 112
rightwards double arrow straight r space equals space 12 percent sign end style
Answered by Yasmeen Khan | 14 Oct, 2019, 04:00: PM
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