at what rate percent per annum will a sum of rs 7500give rs 927 as compound interest in 2 year
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Step-by-step explanation:
Solution
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Correct option is C)
We have,
P=7500 Rs
A=8427 Rs
T=2 years
A=P(1+
100
R
)
T
7500+8427=7500(1+
100
R
)
T
7500
8427
=(1+
100
R
)
2
(1+
100
R
)=
2500
2809
=(
50
53
)
(1+
100
R
)=
50
53
−1
100
R
=
50
53
−1
R=
50
3
R %=6 %
He
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