At what rate of percentage compounded yearly will Rs 80,000 Amount to 88,200 in 2years?Question 16Answera.7b.8c.5d.6
Question
Solution 1
To find the rate of interest compounded yearly, we can use the formula for compound interest which is:
A = P(1 + r/n)^(nt)
Where: A = the amount of money accumulated after n years, including interest. P = principal amount (the initial amount of money) r = annual interest rate (in decimal) n = numb Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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