If the compound interest on an amount of Rs. 29000 in two years is Rs. 9352.5, what is the rate of interest?
(1) 11
(2) 9
(3) 15
(4) 18
(5) None of these

• P = 29000 CI = 9352.5 N = 2 years A = P + I = 38,352.5
  Substituting the values in
  A = P(1 + R/100)^n
  Solving we get R = 15%.2. (2)
  The required time will be the LCM of 8, 18 and 15 which is 360 sec or 6 minutes.
• 8 years agoHelpfull: Yes(1) No(6)
• let interest rate be x.
  (2x+(x^2)/100)*(1/100)*29000 = 9352.5
  x = 15
• 8 years agoHelpfull: Yes(0) No(2)
• its 18% rate
• 6 years agoHelpfull: Yes(0) No(0)