Question

at what rate percent will a sum rupees 2,000 will amount to rupees 2800 in 2 years at compound interest if compounded annually​




plz help

Answer 1

Step-by-step explanation:

A sum of money at simple interest amounts Rs. 2,800 in 2 years and Rs.3.250 in 5 years

∴ Interst paid in 3 years =3250−2800=450 Rupees

Annual Interest =450÷3=150 Rupees

Sum lent at the begining =2800−150×2=2500 Rupees

Rate of simple Interest =(150/2500)×100=6 percent.

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Answer 2

Answer:

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