Question

At what percent of annual rate of compound interest ₹ 625 will amount to ₹ 676 in 2 years.​

Answer 1

Answer:

4%

Explanation:

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

676=625(1+R/100)^2

(1+R/100)^2=676/625

(1+R/100)=26/25

by taking both square root

R/100=26/25-1

R/100 =1/25

R=100/25

= 4%