Question

At what rate percent compound interest will Rs 700 amount to Rs 847 in 2 years​

Answer 1

Step-by-step explanation:

CI= 847 - 700 = 147

p(1+r/100)^n = amount

=> 700(1+r/100)^2 = 847

=> (1+r/100)^2 = 847/700

=> 1+r/100 = v(121/100)

=> r/100 = 11/10 - 1

=> r= 1/10x100

=>r = 10

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