Rames h deposit an amount 9000 .after 2 years he withdraw 4000.after5years he got 7640 rs .find out the rate of interest
Question
Solution 1
To find out the rate of interest, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where: A = Final amount after interest P = Principal amount (initial deposit) r = Annual interest rate (unknown) n = Number of times interest is compounded per year (assuming it is compounded annual Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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