Question

at what rate percent compound interest will asum of Rs.62500earn an interest of Rs.5100 in 2 years

Answer 1

Thus is ur answer hope it will help u

Answer 2

Heya friend,

Given that

Principal = ₹62,500

Simple Interest = ₹5,100

Time = 2 years

Solution

Amount = Principal + Simple Interest

= ₹(62,500+5,100)

= ₹67,600

A = P × (1+R/100)^n

67,600 = 62,500 (1+R/100)^2

67,600/62,500 = (100+R/100)^2

676/625 = (100+R/100)^2

√676/625 = 100+R/100

26/25 = 100+R/100

26×100 = 25(100+R)

2,600 = 2,500+25R

2,600-2,500 = 25R

100 = 25R

R = 100/25

R = 4% per annum


Thanks

Hope it helps you.

With regards@

Tanisha