Question

6. At what rate per cent per annum will * 1625 amount to 2080 in 5/2
​

Answer 1

Answer:

2080/

in5/2

Step-by-step explanation:

two thousand eighty

Answer 2

Answer : Rate = 11.2%

Explanation :-

Given :  

Principle = 1625  

Amount = 2080  

Time = 5/2 years = 2.5  

Finding Interest :-

Interest = Amount - Principal  

Interest = 2080 - 1625  

Interest = 455.  

Finding Rate Percentage :-  

Note : I = Interest, P = Principal, T = Time.

Rate percentage = (Ix100)/(PxT)

=> (455x100)/(1625x2.5)

=> 45500/4062.5

=> 11.2%

Hence, Rate Percentage = 11.2%

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