Question

Sitamma borrowed rs. 9600 and it is amounted to rs. 12150 in two years. Find the rate of compound interest.

Answer 1

Answer:

12%

Step-by-step explanation:

A=[P(1+R/100)^2]

12150=[9600(1+R/100)^2]

12150/9600=(1+R/100)^2

(12150/9600)^1/2=1+R/100

110.22/97.98=1+R/100

1.12=1+R/100

1.12-1=R/100

0.12*100=R

12=R