Question

25.
At what compound rate of interest
(percent) will Rs. 80,000 amount to
Rs. 88,200 in 2 years?
(1) 10%
(2) 5%
(3) 8%
(4) 6%​

Answer 1

Answer:

C=P[1+(100r)]n

⇒88200=80000[1+(100r)]2

⇒1+(100r)=2021⇒r=5