Kushi invested a sum of money at compound interest. In 4 years it amounted to Rs. 5400 and in 5 years to Rs. 5670. The interest rate per annum is
Question
Solution 1
To find the rate of interest, we first need to understand that the difference in the amounts after 4 years and 5 years is actually the interest of the 5th year.
So, the interest for the 5th year is Rs. 5670 - Rs. 5400 = Rs. 270.
Now, we know that the amount after 4 years is Rs. 5400. This is the p Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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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.
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