Question

an amount of rupees 14400 mounts to 15625 in 2 years what is the rate of compound interest per annum​

Answer 1

Answer:

kindly see the answer below....

Here,

principal = 14400

amount = 15625

time period = 2 years

let the rate of interest be r% per annunm...

then,

14400 \times \frac{r}{100} \times 2 = 15625 - 1440014400×

100

r

×2=15625−14400

or \: \: r = \frac{1225}{288}orr=

288

1225

or \: \: r = 4.25orr=4.25

so, the rate of interest is 4.25 per annunm...

thanks a lot...

Answer 2

Step-by-step explanation:

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