A sum of money becomes 2.25 times in 2 years at a certain rate of compound interest per annum. Find the rate of interest. Please give me answer step by step
Answers
Answered by
1
Answer:
50%
Step-by-step explanation:
p(1+ r/100)^2 = 2.25p => 1 + (r/100) = 1.5
r = 150 - 100 = 50%
Answered by
0
Answer:
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Step-by-step explanation:
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