Question

friends if U HAD TIME PLZZZ HELP ME AND SOLVE THIS PROBLEM
AT WHAT RATE PER CENT PER ANNUM WILL RS6000 AMOUNT TO RS6615 IN 2 YEARS WHEN INTREST IS COMPOUNDED ANNUALLY

Answer 1

p=6000
a= 6615
t = 2 year
r = ?

a = p×(1+r/100)^2

6615=6000 ×(1+r/100)^2
6615/6000= (1+r/100)^2
441/400=1+r/100)^2
(21/20)^2=(1+r/100)^2
21/20 =1+r/100
21/20-1=r/100
20-21/20=r/100
1/20 =r/100
20r=100
r=100/20
r =5%


hey I hope it helps you