Question
A sum of money is deposited by Krishna which compounds interest annually. The amount at the end of 2 years is Rs. 5000 and at the end of 3 years is 5200. Find the money deposited and the rate of interest.
Answer :
Word Count : 202
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We are given that the amount after 2 years is Rs. 5000, and after 3 years it is Rs. 5200. Since the interest is compounded annually, we use the compound interest formula: \[ A = P (1 + r)^t \] __________ __________ ___ ______ _______.
_________ ___ ____ __________ ____ _____ ______.
________ ________ ___ _____ ____ ________ _______ _________ ________ ______ _______.
___ ____ ____ ____ __________ ________ ____ ________ ______ _____ ______ ___.
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_______ ___ ___.
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