Question

at what rate Percent per annum compound interest will ₹5000 amount to ₹5832 in 2 yrs​

Answer 1

Step-by-step explanation:

Given:

Principal P = Rs.5000

Amount, A = Rs.5832

Time, n = 2 years

We calculate compound interest using the formula:

A= P (1 + R/100)^n

Substituting the values, we get:

5832 = 5000 (1 + R/100)2

(1 + R/100)2 = 5832/5000

(1 + R/100)2 = 2916/2500

(1 + R/100)2 = (54/50)2

1 + R/100 = 54/50

R/100 = (54/50) - 1

R/100 = (54 – 50)/50

R/100 = 4/50

R = 400/50

R= 8

Interest rate = 8 %

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Answer 2

Answer:

interest rate =8%

explanation:

given:

principal p=Rs.5000

amount a= Rs.5832

time n=2 years

we calculate compound interest using the formula:

A=P(1+R/100)^n

substituting the value we get:

5832=5000 (1+R/100)2

(1+R/100)2=5832/5000

(1+R/100)2=2916/2500

(1+R/100)2=(54/50)(2

1+R/100=54/50

R/100=(54/50)-1

R/100=(54_50)/50

R/100=4/50

R=400/50

R=8

interest rate=8%