What sum of money (In ₹) at compound interest | vedclass

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Question

(c) Here, $x=650, y=676, A=1$ and $B=2$

$	herefore$ Rate of interest $(R)=\left[\left(\frac{y}{x}ight)^{1 / B-A}-1ight] 	imes 100 \%$

$=\l

Vedclass · Accepted Answer

$625$

Vedclass · Answer

(c) Here, $x=650, y=676, A=1$ and $B=2$

$	herefore$ Rate of interest $(R)=\left[\left(\frac{y}{x}ight)^{1 / B-A}-1ight] 	imes 100 \%$

$=\left[\frac{676}{650}-1ight] 	imes 100 \%$

$=\frac{26}{650} 	imes 100 \%=4 \%$

$	herefore \quad 650=P\left(1+\frac{4}{100}ight) \Rightarrow P=\frac{650 	imes 25}{26}=₹ 625$

What sum of money (In ₹) at compound interest will amount to ₹ $650$ at the end of the first year and ₹ $676$ at the end of the second year?

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