Question

13. A sum of 1,536; put at compound interest.
amounts to 1,632 in one year. How much
would it amount to in the second year?



Please Do it on A notebook and send..For clarity ​

Answer 1

Interest = 1632-1536= ₹96
Rate = 96 /1536*100 = 6.25% =1/16
So 2nd year interest = 1632/16 = ₹102