sunitadangol1234
Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

helppp plzzzzz. a sum of money put out at compund interest in increased by Rs.180 at the end of first year and by Rs. 188.10 at the end of second year. find out the sum and rate of interest​

Sagot :

sqdancefan

9514 1404 393

Answer:

  ₹172.25 at 4.5%

Step-by-step explanation:

The growth factor is the ratio of the values at the end and beginning of the second year:

  multiplier = 188.10/180 = 1.045 = 1 + 4.5%

The amount put out is the amount at the end of the first year, divided by this growth factor.

  P = A/(1+r) = 180/1.045 = 172.25

The sum put out is ₹172.25, and the rate of interest is 4.5%.

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.