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tricks to solve compound interest questions. The above example is understandable enough to solve questions. You also need to keep track of the time.
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P 1 R 2100 2n This formula is applied to. This is because of the presence of the n th power. The rate of interest for t 1 years is r 1 t 2 years is r 1 t 3 years is r 3.
The concept behind this calculation is Equivalent Rate of Interest.
2 2 1 CI for last year y-x. An amount of money grows upto Rs 3000 in 3 years and upto Rs 4000 in 4 years on compound interest. Follow below steps - Step 1. Click on the download now button.
