Question

at what percent will $1500 amount to $2400 in 4 years?

Answer 1

Answer: 25%

Step-by-step explanation:

15 is 1%

2400-1500=900

900÷15=60%

60%÷4=25%

That Means Every Year 25% Is Increased

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Answer 2

Let the rate of percent Be R

S.I=PRT/100

S.I=A-P

S.I=$900

900=1500×R×4/100

900=60R

R=900/60

R=15

Thus the rate of percent is 15%