if ₹40000 amounts to ₹49620.25 in 2 years, conpound interest playa – InterviewSolution

1.

if ₹40000 amounts to ₹49620.25 in 2 years, conpound interest playable half yearly find the rate of interest per annum

Answer»

Answer:

A=46305

P=40000

T=3/2 years

the formula for compound interest half YEARLY is

$A=P (1+(R/2/100)^{2T}$

SOLVE AND GET THE ANS

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