How to slove this

An amount P becomes Rs. 5,100.5 and Rs. 5,203 after second and fourth years respectively, at r% of interst per annum compounded annually. Thus, values of P and r are

nisam M

nisam M

CA Foundation


23-Jan-21 18:00


Answers (1)

5100.5 X ( 1+r) power 2 = 5203.. Options for r will be given in the problem. substitute one and find out on your calc - you will get r. Then do 5100.5 / ( 1+ r ) power 2 and you will get p

Sriram Somayajula

Sriram Somayajula


23-Jan-21 18:08