Question

At what rate per annum will a sum RS 6256 becapound to RS 7846 in 2 years

Answer 1

Answer:12%

Step-by-step explanation:

here the principal is rs6256

amount is rs7846

and time is 2 years

so, first lets take the formula for finding amount,

i.e,

Amount=principal(1+R/100)^n

so,7846=6256(1+R/100)^2

=7846/6256=(1+R/100)^2

=√7846/6256=1+R/100

=√7846/6256=100+R/100

=1.12*100+R+100

=112+R+100

=112-100=R

=12=R

so,R=12%