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A sum of money amounts to Rs.4,840 in 2 years and to Rs.5,324 in 3 years at compound interest compounds of interest per annum is

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A sum of money amounts to Rs.4,840 in 2 years and to Rs.5,324 in 3 years at compound interest compounds of interest per annum is
1). 10%
2). 9%
3). 11%
4). 8%

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2 answers

2 vote
Answered by on | Votes 2 |
right answer for this question is option 1

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Answered by on | Votes 0 |

.Here, b – a = 3 – 2 = 1
B = Rs 5,324, A = 4,840
R% =($\frac{B}{A}-1\times100$%)

$\frac{5324-4840}{4840}\times100$%

= 10%




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