Question

At what rate per cent per annum will a sum of Rs 500 amount to Rs 8427 in
2 years, compounded annually?
(a) 4 %
(b) 5 %
(c) 6 %​

Answer 1

Step-by-step explanation:

cent per annum will a sum of Rs 500 amount to Rs 8427 in

2 years, compounded annually?

(a) 4 %

(b) 5 %

(c) 6 %