A certain sum of money at compound interest g | vedclass

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Question

(a) Here, $x=12960, y=13176, A=2$ and $B=3$

$\begin{aligned} 	herefore \quad R &=\left[\left(\frac{y}{x}ight)^{1 / B-A}-1ight] 	imes 100

Vedclass · Accepted Answer

$1 \frac{1}{3}$

Vedclass · Answer

(a) Here, $x=12960, y=13176, A=2$ and $B=3$

$\begin{aligned} 	herefore \quad R &=\left[\left(\frac{y}{x}ight)^{1 / B-A}-1ight] 	imes 100 \% \ &=\left(\frac{13176}{12960}-1ight) 	imes 100 \% \ &=\left(\frac{216}{12960} 	imes 100ight) \% \ &=\frac{4}{3} \% 	ext { or } 1 \frac{1}{3} \% \end{aligned}$

A certain sum of money at compound interest grows up to ₹ $12960$ in $2$ years and up to ₹ $13176$ in $3$ years. Find the rate per cent per annum.

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