Question

63. At what rate of compound interest per annum will a sum
of Rs. 2,400 become Rs. 3,750 in 2 years?
(a) 20%
(6) 12.5%
(c) 25%
(d).40%

Answer 1

Answer:

25% in annum...........

Answer 2

Answer:

2400 --------------------- 3750

Dividing both by 150 ( to make it as short as possible)

16 ------------------------- 25

Time = 2 years given ,

make it square root

4 ------------------------ 5

R % = 1*100 = 25 %

4

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