Question

The rate of compound interest at which a sum of 8000

Answer 1

Answer:

Explanation:A=P(1+R/100)^N

8820=8000(1+R/100)^2

441/400=(1+R/100)^2

(21/20)^2=(1+R/100)^2

21/20=1+R/100

R=100/20=5