Question

Find the rate of compound interest per annum at which ₹25000 will amount to

₹ 31360 in 2 years.​

Answer 1

Answer:

Rs.4775.40.

Step-by-step explanation:

⇒ A=P[1+

100

r

]

n

⇒ A=Rs.25,000×(

100

106) 3

⇒ 25,000× 5053 ×5053 × 5053

⇒ A=Rs.29,775.40

⇒ CI=A−P

⇒ Rs.29,775.40−Rs.25,000

∴ CompoundInterest=Rs.4775.40.