Question

Find the rate of C.I if rs 5000 amount to rs 5408 in 2 years?

Answer 1

Answer:

Step-by-step explanation:

A=P(1+R/100)2

5832=5000(1+r/100)2

5832/5000=729/625=(27/25)3

1+r/100=27/25

R=27/25–1=2/25

R=2/25*100=8

R=8% p.a.

Hope it help...