Question

Rahul invests rs 9000 for 2 years at a certain rate of interest compounded annually at the end of first year it amounts to be rupees 9450 calculate
1. the rate of interest
2. the amount at the end of the second year​

Answer 1

Answer:

1. 5 %

2. 9922.5

Step-by-step explanation:

1. interest in first year = 9450 -9000=450

   percentage = 450/9000 x 100 = 5%    

2. interest in second year = 9450 x 5/100 = 472.5

   total amount in second year = 9450 + 472.5= 9922.5