Question

find the second year interest when at rate of 8% first year interest is 48 rupees

Answer 1

Answer:

S.I. or C.I. for first year are always equal

Principle = (S.I. x 100)/(Rate x Time)

= (48 x 100)/(8 x 1) = Rs. 600

Interest for second year = Amount of second year - Amount of the first year

= 600 (1 +8/100)2 - 600(1 +8/100)

= 600(27/25)2 - 600(27/25)

= 600(27/25) {27/25 - 1}

= 600(27/25) (2/25)

= Rs. 51.84

please mark it as brainelist answer