Question

2. Yajur invests 3125 for two years and receives 3645
against this investment. Find the rate of interest at​

Answer 1

Answer:

we can take PNR/100 formula where

P = 3125

N = 2

R = ?

3125 × 2 × x /100 ( whole thing divided by 100)

6250  /100  = 1 / x

62 . 5 = 1 / x

1 / 62 . 5 =x

X = 0.016%

Therefore i conclude rate of interest = 0.016%