Question: A person invests Rs 5,000 for two years at a certain rate of interest compounded annually. At the end of one year, this sum amounts to Rs 5,600. Calculate the rate of interest per annum and the amount at the end of the second year.

Question: A person invests Rs 5,000 for two years at a certain rate of interest compounded annually. At the end of one year, this sum amounts to Rs 5,600. Calculate the rate of interest per annum and the amount at the end of the second year.

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