Question

At what rate percentage p.a will rupees 5625 amount to 6084 in 2 years at compound interest

Answer 1

Answer:

SI =6084-5625

R=(6084-5625) *100/5625*2

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Answer 2

Answer:

4% per annum

Step-by-step explanation:

principle amount = P = 5625

Amount = A = 6084

Rate of interest = R % per annum

time = n = 2 years

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

6084 = 5625(1 + R/100)^2

6084/5625 =( 1 + R/100)^2

676/625 = (1 + R/100)^2

(26/25)^2 = (1 + R/100)^2

26/25 = 1 + R/100

1/25 = R/100

R = 4

4% per annum