Question

48. The interest on a certain principal for 1 year at a certain rate of interest is
12,500. The compound interest on the same principal for 2 years at the
same rate of interest is 26,250. What is the rate of interest?
(1) 8 p.c.p.a.
(2) 10 p.c.p.a.​

Answer 1

Answer:

10 p.c.p.a.is the correct answer