Question

A man invested Rs 5000 at certain rate of interest, compounded annually for 2 years, At the end of the first year it amounts Rs 5326 Calculate the rate of interest and the end of second's year amount​

Answer 1

Answer:

interest % = 6.52%

2nd yr A = 5673.25Rs

Step-by-step explanation:

PRINCIPLE = 5000

1st yr amount = 5326

difference = 326

%rate = (326/5000)100

= 6.52%

the end of second's year amount,

100% = 5326

106.52 % = x

apply cross multiplication method,

x = 5,673.25 Rs