Question

find the rate of compound interest per annum at which rs 800 becomes rs 882 in 2 years​

Answer 1

Answer:0.048 or 4.8%

Step-by-step explanation:

Here the amount is 882 the principle is 800 and the time is 2 yrs, let r be the rate.

So, A=p(1+r)^2

882=800(1+r)^2

(1+r)^2=88/80=11/10=1.1

1+r=√1.1=1.048

So, r=0.048 or 4.8%

Answer 2

Answer:

the answer is 5 percent p.a

Step-by-step explanation:

The process is

A=p×(1+R/100)n^