Question

₹5000 amount to ₹5800 when invested at a certain rate of interest which is equal to the time duration . Calculate rate of interest and time duration. ​

Answer 1

Answer:

A=P(1+r)

t

⇒5600=5000(1+r)

1

⇒1.12=1+r

⇒r=0.12

⇒r=

100

12 =12%