Question

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

Answer 1

Answer:

Principal= rs.625

years = 2 years

R= ?

A= P(1+r/100)^2

676= 625 (1+r/100)

676/625= 1+r/100

26/25 -1=r/100

1/15 r/100

1/25×100=r

4=r

r=4%

Rate of interest =4%

hope it helps.......