Q22 of 89 Page 14

At what rate percent per annum will a sum of Rs. 4000 yield compound interest of Rs. 410 in 2 years?

Given,


Principal = Rs.4000


C.I = Rs.410


Time = 2 years


Let rate of interest = R %


So,


=


=


=


=


=


=


=


= R


Hence,


Rate of interest = 5% per annum


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