Question

Ayush invests ₹ 15,000 for 2 years at a certain rate of interest

compounded annually. At the end of one year it amounts to ₹ 16,200.

Calculate : [4]

i) the rate of interest.

ii) the amount at the end of second year.​

Answer 1

Answer:

for 100 interest is 8

for 15000 Interest is 1200

for 16200 interest is 1296

1) 8rs for 100

2) 16200 + 1296 = 17496