Question

answer this one regarding Compound interest

Answer 1

GIVEN:-)


Principal - Rs.5000




Amount - Rs. 5600



Time - 2 yrs.



Let rate be rate


5600=5000(1+r/100)1


5600/5000= 1+r/100
28/25=1+r/100


3/25= r/100
Rate = 12 %



Amount=5000(1+12/100)2


5000(1+3/25)2
5000(28/25)2


6272.

Answer 2

sorry my dear iam not good at maths