Get a free home demo of LearnNextAvailable for CBSE, ICSE and State Board syllabus. Show
clear Learner's Section arrow_drop_down Educator's Section arrow_drop_down
Finding exercises tough? Install LearnNext+ app to watch our videos and get a crystal clear understanding of concepts Install Now X X Install the app to watch our videos and get a crystal clear understanding of concepts Install Now
Scroll Like NextGurukul? Also explore our advanced self-learning solution LearnNext Offered for classes 6-12, LearnNext is a popular self-learning solution for students who strive for excellence Explore Interactive Video Join India's most happeningEducational communityHome At what rate percent per annum will a sum of Rs. 4000 yield compound interest of Rs. 410 in 2 years? Open in App 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.aSuggest Corrections 37 Same exercise questions Q. A sum amounts to Rs. 756.25 at 10% per annum in 2 years, compounded annually. Find the sum. Q. What sum will amount to Rs. 4913 in 18 months, if the rate of interest is 1212% per annum, compounded half-yearly. Q. Find the principal of the interest compounded annually at the rate of 10% for two years is Rs. 210. Q. The difference between the compound interest and simple interest on a certain sum at 15% per annum for 3 years isRs. 283.50. Find the sum. Q. On what sum will the compound interest at 5% p.a. annum for 2 years compounded annually be Rs. 164? View More 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%.
|