Question

At what rate per cent per annum will ? 625 amount to 2 676 in 2 years when
compounded annually?​

Answer 1

Answer:

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

676 = 625(1+R/100)²

676/625 = (1+R/100)²

(26/25)² = (1+R/100)²

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26/25 = 1+R/100

26/25-1=R/100

1/25 = R/100

R = 100/25

R = 4%

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Step-by-step explanation: