Question

a person deposits rs 600 for 2yrs at a certain rate of interest. amount to rupees 6240 after 1 years find
1- the rate of interest per annum
2-the amount at the end of second year​

Answer 1

Answer:

Here, P=Rs.600

N=2×12 months and R=5 % p.a.

SI=P×

2

n(n+1)

×

12

1

×

100

R

SI=600×

2

24(25)

×

12

1

×

100

5

=750

The total amount = (24×600)+750=15,150 Rs.

Step-by-step explanation:

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Answer 2

Answer:

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