Answer:
option A is correct
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Answer:
Not sure, It's getting kinda annoying ngl
Step-by-step explanation:
Answer:
The rate of interest for compounded annually is 6.96 % .
Step-by-step explanation:
Given as :
The principal amount = Rs 4600
The time period = 5 years
The amount after 5 years = Rs 6440
Let The rate of interest = R %
<u>From compounded method</u>
Amount = Principal × 
or, Rs 6440 = Rs 4600 × 
Or,
= 
or, 1.4 = 
Or,
= 1 + 
or, 1.0696 = 1 + 
or,
= 1.0696 - 1
Or,
= 0.0696
∴ R = 0.0696 × 100
I.e R = 6.96
Hence The rate of interest for compounded annually is 6.96 % . Answer
Taking the same test right now....I think the answer is 4.5. Hope that helps!