Question

6. Find the rate per cent annum, if compounded yearly
() Principal =* 196, Amount =225, Time = 2 years.​

Answer 1

Answer:

Principal = 196

Amount = 225

Time = 2 years

Simple Interest = Amount - Principal

= 225 - 196

= 29

R = S.I. x100 / P x T

. = 29 x 100 / 196 x 2

. = 29 x. 25 / 98

. = 725/98

= 7/ 31

. 98 %