A sum of RS.1000 in 2 years on compound interest of 5% per annum . The % rate of interest is a.5 b.6 c.7 d.10
A sum of RS.1000 in 2 years on compound interest of 5% per annum . The % rate of interest is a.5 b.6 c.7 d.10
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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A sum of RS.1000 in 2 years on compound interest of 5% per annum . The % rate of interest is
a.5
b.6
c.7
d.10
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