Practicing Success
At what rate percent per annum will a sum of Rs.20736 amount to Rs.50625 in four years, if the interest is compounded annually? |
15% 20% 25% 30% |
25% |
Principal : Amount 20736 : 50625 For four years, \(\sqrt[4]{20736 }\) : \(\sqrt[4]{50625 }\) 12 : 15 Rate % = \(\frac{3}{12}\)× 100 = 25% |