Question

Find the annual rate of compound interest at which 5000rs becomes 5832 after 2 years.​

Answer 1

P=₹5000
A=₹5832
T=2yrs
R=x
A=P[1+R/100]raise to n
5832=5000[1+x/100]raise to 2
5832=5000*101/100*x/100
5832=505000x/10000
x=58320000/505000
x=115.48%

Answer 2

Answer:8

Step-by-step explanation:

5832=5000 (1+r/100)^2

5832= (100+r)^2/2

11664=(100+r)^2

108=(100+r)

r=8