Question

principal= 5000 rupees time = 2 years amount = 5832 rupees rate of interest = ?

Answer 1

Answer:

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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