Mr. Lalit invested 5000 at a certain rate of interest, compounded annually for two
years. At the end of first year it

Mr. Lalit invested 5000 at a certain rate of interest, compounded annually for two
years. At the end of first year it amounts to * 5325. Calculate
(1) the rate of interest.
() the amount at the end of second year, to the nearest rupee.​

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  1. Step-by-step explanation:

    P = 5000

    A1= 5325

    SI = 325

    SI = PNR / 100

    325 = 5000 X 1 X R / 100

    325 / 50 = R

    R = 6.5%

    SI = PNR / 100

    SI = 5325 X 1 X 6.5 / 100

    SI = 346.125 = 346

    A = 5325 + 346 = 5671

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