Question

If compound interest on any sum at the rate of 5% for the two years is Rs.512.50 then the sum would be:

Answer 1

Answer:

Pls mark me brainleast.. God bless you

Step-by-step explanation:

1st

year

Principal, P=Rs.5000

Time, T=1 year

Rate of interest ,R=6%

∴simple Interest, SI=

100

PTR

​

=

100

5000×10×6

​

=Rs.300

∴Amount=P+SI=Rs.5300

2nd year

Principal = Amount of 1st year=Rs.5300

Rate of interest =8%

Time =1 year

∴ Interest =

100

5300×1×8

​

=Rs.424

∴ Amount =Rs.(5300+424)=Rs.5724

The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724

Answer 2

Answer:

pls mark as brainliest