Question

at what rate per cent per annum will a sum of RS.7500 amount to RS.8427 in 2 year compounded annually​

Answer 1

Answer:

use the formula p(1+(1+R/100)^2

Step-by-step explanation:

7500+8427=7500(1+R/100)^2

8427/7500=1+R/100^2

1×R/100^2=2809/2500=(53/60)^2

R=6%/annum

hope it may help you