Question

At what rate of interest compounded annually will Rs.625 amount to Rs.784 in 2years​

Answer 1

Answer:

R = 12%

Step-by-step explanation:

P = 625

A = 784

N = 2 YEARS

A = P [1 +R/100] ^ N

784 = 625 [1 +R/100] ^2

784/625 = [1 + R/100} ^2

[28/25 ] ^ 2  = [1 +R/100] ^ 2

on comparing

28/25 = 1 + r/100

r /100 = 28 /25  -1

r / 100 = 28 - 25/25

r = 100* 3/25 [ 100 is divided by 25 ]

r = 4 *3

r = 12%

I HOPE IT HELPS YOU

BORAHAE [ I PURPLE YOU ]