At what rate per cent will a sum of ₹ 4000 yield 1324 as compound interest in 3 years?

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At what rate per cent will a sum of ₹ 4000 yield 1324 as compound interest in 3 years?

At what rate per cent will a sum of ₹ 4000 yield 1324 as compound interest in 3 years?

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

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Solution

Principal (P) = Rs. 4000 C.I = Rs. 410 ∴ Amount (A) = Rs. 4000 + 410 = Rs. 4410 Let rate =R% p.a. Period (n) = 2 years. ∴ Amount =P(1+R100)n ⇒AP=(1+R100)2 ⇒Rs.44104000=(1+R100)n ⇒4414000=[1+R100]2 ⇒(2120)2=(1+R100)2 Comparing, we get 1+R100=2120=1+120 ∴R100=120⇒R=10020=5 ∴ Rate =5% p.a

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At what rate percent per annum will ₹ 4000 amount to ₹ 5324 in 3 years the interest being compounded annually?

4000 will amount to Rs. 5324 at 10% per annum in 3 years. Was this answer helpful?

At what rate per cent will a sum of 4000 yield compound interest of 410 in 2 years?

∴ Rate =5% p.a.

At what rate percent per annum will 4000 amount to 4410 in 2 years?

Answer : 5% p.a.

What rate will the sum of 4000 yield?

This is Expert Verified Answer Given, Principal = 4000, CI = 410, Time n = 2 years. ⇒4410. ⇒ r = 5. Therefore, rate of interest = 5%.