Question

At the rate of percent of compound interest will rs. 625 become 784 in 2 years

Answer 1

Answer:

159/24

Step-by-step explanation:

1st amount =625 -----#

2nd amount =784 --- $

$--# = 159

2 years =24 months

159/24

Answer 2

Answer:

12%

Step-by-step explanation:

A=P+(1+R/100)^T

784= 625×(1+ R/100)^2

(1+R/100)^2= 784/625

(1+ R/100) =√784/625

1+ R/100 = 28/25

R/100= 28/25 -1

R/100= 3/25

R= 3/25 ×100

R= 12

rate =12%