Question

Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?
A) 6.5%
B) 6%
C) 5%
D) 4.5%

Answer 1

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Q:

Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

A) 6.5%B) 6%C) 5%D) 4.5%

Answer:   C) 5% 

Explanation:

C.I = P[(1+r100)t-1]

 

594.5 = 5800[(1+r100)2-1]

 594.55800+1=(1+r100)2

 

r100=1.05-1=0.05=> r = 5 

Answer 2

Hey mate ^_^

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Answer:
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Correct option C) 5%

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