rhearouseau rhearouseau

15-06-2022
Mathematics

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At what rate per cent per annum will rs 6000 amount to rs 6615 in two years when interest is compounded annually?

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Medunno13 Medunno13

23-06-2022

Answer: 5%

Step-by-step explanation:

[tex]6615=6000(1+r)^{2} \\ \\ 1.1025=(1+r)^{2} \\ \\ 1.05=1+r \\ \\ r=0.05=\boxed{5\%}[/tex]

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