Question

At what rate per cent per annum will * 18,000 amount
to 20,480 in 2 years, compounded annually?

ans is 20/3 explain plz bro​

Answer 1

Answer:

A = 20480 p = 1800 t =2yr than I = 20480 - 1800 r = 18680 : r =100 * 18680÷1800 *2 = 45 %