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6. At what rate per cent per annum, will 360 amount to 450 in 4 years?​

Answer»

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\bold{\huge{\underline{\underline{\rm{ <klux>GIVEN</klux> :}}}}}

PRINCIPAL (p) = 360

Amount (A) = 450

Time (n) = 4

\bold{\huge{\underline{\underline{\rm{ To\:Find :}}}}}

The rate percent or the value of r .

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\purple{\bold{\underline{\underline{Step-by-step\:explanation:}}}}

We KNOT that

  • a = p( {1 +  \frac{r}{100}) }^{2}

Put all given values in this formula -

450 = 360( {1 +  \frac{r}{100} )}^{4}

( {1 +  \frac{r}{100} )}^{4}  =  \frac{450}{360}

( {1 +  \frac{r}{100}) }^{4}  = 1.25

1 +  \frac{r}{100}  =  \sqrt[4]{1.25}

1 +  \frac{r}{100}  =1.05737126344\\ \frac{r}{100}  = 1.05737126344 - 1 \\  \frac{r}{100}  = 0.05737126344 \\ r = 0.05737126344 \times 100

\boxed{r = 5.737126344 \: \%}

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