Question

At what rate percentage per annum will Rupees 5625 amount to Rupees 6084 in 2 year at compound interest?

Answer 1

Answer:

r = 4%

Step-by-step explanation:

Let rate be r%

compound interest= P(1+r/100)^n

5625(1+r/100)² = 6084

(1+r/100)² = 6084/5625

(100+r)² = 10816

now if we put r= 4, it will satisfy.