Question

at what percent per annum will Rs 5000 amount to Rs 5832 in 2 years ,compounded annually?​

Answer 1

Answer:

8% per annum

Step-by-step explanation:

5832 =5000(1+ r /100)^2

5832/5000= 2916/2500= (1+ r/100)^2

54/50 = (1+r /100)

54/50 -1 = r/100

4/50= r/100

on solving r = 8 %