Saved Bookmarks
| 1. |
A sum of money amounts to ₹1600 in 3 years and ₹1680 after 4 years at a compound interest. what is the rate of compound interest.what is the rate of compound interest per annum |
|
Answer» Answer: answer is 5% Step-by-step explanation: 1680 - 1600 = 80 so the increment is 80 rupees compound interest checks with the before YEAR and gets interest from PRINCIPAL AMOUNT + earlier interest now we have 1600 as principal + earlier interest so 80 is 5% of 1600 |
|