Question

At what rate percent per annum compound interest will Rs. 5000 amount to Rs. 5832 in 2 years.​

Answer 1

Step-by-step explanation:

A=P(1+R/100)2

5832=5000(1+r/100)2

5832/5000=729/625=(27/25)3

1+r/100=27/25

R=27/25–1=2/25

R=2/25*100=8

R=8% p.a.