Question

If the difference between
C.l. and S.I. on Rs 5,000 for 2
years is Rs 32 at the same rate
of interest, then the rate of
interest is​

Answer 1

Answer:

12%

Explanation:

Let rate be x

Simple Interest = P × T × R÷100 =5000×2×x÷100

= 100x for 2 years or 50x for 1 year

Compound Interest for the first year will be the same as in Simple Interest i.e.50x

Assuming interest is compounded annually we get:

compounding 50x earned during 1st year ( interest on interest) at the end of 2nd year we get:

50x × x/100= x^2/2 which value being the difference between CI and SI is given as Rs.72/-

Solving we get x^2 = 144. Therefore x =12%

Hence Rate of Interest = 12%

Please mark this answer as brainliest

I need brainliest to upgrade my level.

Thank you and stay connected

Answer 2

Answer:

12 percent is the correct answer for rate