Question

a man invested rupees 3072 for 2 years at compound interest after 1 year the money amounts to 3264 find the rate of interest and the amount due to the end of second year​

Answer 1

i)I 1=3264-3072=192

Ii=3072×1×r/100

r=6.25

ii) I 2=(3264(amount of first year)×6.25×1)/100=204

A 2=204+3264=3478 And

I believe this is the and please check