at what rate of compound interest will be 1250 amount to 1800 in 2 years
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Step-by-step explanation:
Here is your answer...
Given is Time = 2 years
Amount=₹1800
Principal = ₹1250
Rate = ?
The formula to calculate amount is
=A = P(1 + R/100)^T
=1800 = 1250 × (1+ R/100)^2
=1800/1250 = (1+ R/100)^2
=√(36/25) = 1+ R/100
=6/5 - 1 = R/100
=1/5 × 100 = R
=20 = R
Therefore, the rate is 20%.
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