Question

mr lalit invested 5000at a certain rate of interest compounded anually for two years at the end of first year it amounts to 5325 calculate the rate of interest

Answer 1

5325=5000(1+r/100)^1
5325-5000/5000=r/100
325*100/5000=r
32500/5000=6.5%=r

OR
R= SI*100/5000*1
SI=5325-5000=325
R=325/50=6.5%