Question

Sum is invested at compound interest compounded yearly . if the interest for two successive years be rs 5700
and rs 7410 calculate the rate of interest

Answer 1

Given :

some amount is invested at compound interest compounded yearly.

Interest for two successive years be Rs. 5700 and 7410.

To find :

The rate of interest

Step-by-step explanation:

Interest on first year = 5700

Interest till second year = 7410

compounding period = yearly

We will use the formula to calculate the rate of interest :

$\text{Rate of interest}=\frac{\text{Difference between compound interest of two years}\times 100}{\text{compound interest of preceding year}\times Time}$

                        $=\frac{(7410-5700)\times 100}{5700\times 1}$

                        $=\frac{1710\times 100}{5700\times 1}$

                        = 30%

Rate of interest is 30%.

Answer 2

Step-by-step explanation:

here it answer

.

.

.

.

.

.

.

hope it helped u.....plz mark as brainlist