Question

Anshika invests₹5000 compounded yearly at the end of one year it amounts to ₹5200. Calculate
(i) the rate of interest
(ii)the SI for the second year​

Answer 1

Step-by-step explanation:

A=P(1+r)

t

5600=5000(1+r)

1

1.12=1+r

r=0.12=

100

12

=12%

A=5000(1+r)

2

A=(5000)(1+0.12)

2

A=6272Rs.

Answer 2

Answer:

rate is 4%

CI = A-P

CI = 200