Question

Find out the principal that becomes Rs. 5832/-in two years at the rate of 8%
compound interest.​

Answer 1

Answer:

hi!!!

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>>5000 is to grow into 5832 in 2 years. Then:

>>5832/5000=1.1664

>>Then:

>>1.1664=(1+r)² where r is the interest rate

>>√1.1664=√(1+r)²

>>1.08=1+r

>>r=.08

>>=8% interest rate …………..

Answer 2

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