Question

Q18 At what rate percent p.a compound interest will ₹5000 will amount to ₹5382

in 2 years. In detail please ​

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.