let us calculate at what rate of c.i 5000 amount to 5832 in 2 yr
Answers
Answered by
1
Answer:
RATE% IS 8%
Step-by-step explanation:
PARAMETERS GIVEN,
PRINCIPAL = ₹5000
AMOUNT = ₹5832
TIME = 2 yr
SO,
A.T.Q.,
A = P(1+R/100)ⁿ
₹5832 = ₹5000(1+R/100)²
5832/5000 = [(100+R)/100]²
2916/2500 = [(100+R)/100]²
= (100+R)/100
54/50 = (100+R)/100
(54/50)*100 = 100+R
108 = 100+R
R = 8%
SO,
RATE% IS 8%
I HOPE YOU UNDERSTOOD THE QUESTION!!!
!!!JAI SHREE KRISHNA!!!
Answered by
9
A=P(1+R/100)2
5832=5000(1+r/100)2
5832/5000=729/625=(27/25)3
1+r/100=27/25
R=27/25–1=2/25
R=2/25*100=8
R=8% p.a.
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