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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 ?

  • 1
    6.5%
  • 2
    6%
  • 3
    5%
  • 4
    4.5%
  • Show Answer
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Answer : 3. "5%"
Explanation :

Answer: C) 5% Explanation: C.I = P1+r100t-1   594.5 = 58001+r1002-1  594.55800+1=1+r1002   r100=1.05-1=0.05=> r = 5 % .

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