Question

Nikita inverse 6000 for 2 years at a certain rate of interest compounded annually. at the end of first year it amounts to RS 6720.

calculate:

1)the rate of interest

2) the amount at the end of the second year

Answer 1

1. rate is 12 percent
2.amt at the end of 2nd year os rs.7526.40

Answer 2

please mark my answer as a brain list