Question

A person invests 6,000 for two years at a certain rate of interest compounded yearly. If the sum amounts to 6540 at the end of one year, calculate

a the rate of interest per year. (ii) the amount at the end of 2nd year.

please give correct answer
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Answer 1

Answer:

For Per day

P = 6000

t= 1 year

A = 6540

$Intrest = 6540- 6000 = \red{rs.540}$

Rate of interest $= \frac{I \times 100}{t \times \: p} = \frac{540 \times 100}{6000 \times 1} = \red{12\%}$

B

the amount at the end of 2nd year.

= Rs.6540 + 12% of Rs. 6450

= Rs. 6540 + Rs. 806.40

$= \red {rs. 7526. 40}$

Hello Sorry i was not feeling well so i dont reply

Answer 2

Answer:

here is your answer buddy