at what rate percent per annum compound interest will 5000 amount to rupees 5832 in 2 years
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Answered by
3
Step-by-step explanation:
At what rate per annum will Rs. 5,000 amount to Rs. 5,832 in 2 years, compounded annually?
How do you invest as an expat if you do not know where you will eventually settle?
I have been an expat for 9 years. Where you live now, is largely irrelevant to your investments. Sure, some things make a differen
5832=5000(1+r)² where r is the interest rate
5832/5000=(1+r)²
1.1664=(1+r)²
1+r=√1.1664
=1.08
r=.08 or 8%………
Answered by
0
Answer:8%
Step-by-step explanation:
5000*108/100*108/100
5*108/10*108
54*108=5832
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