Question

2. A sum of money lent at compound interest yields 100 at the end of 1st year and
105 at the end of 2nd year. The rate % per annum is​

Answer 1

Answer:5%

Step-by-step explanation:

Difference between amount earned 105-100=5 Rs.

For this 5 Rs. Intetest of the first year (Rs.100) works like principal

So interest rate is 5×100/100=5%