Question

at what rate per cent per annum will rs 625 amount to rs 676 in 2 year when compound annually. solve in the note book please friends ​

Answer 1

Answer:

Rate:

A =P (1+r/100)n

676= 625 (I +r/100) 2

I+r/100=V676/625

I +r/100=26/25

I +r/100=1.04

r/100=1.04 - I=0.04

r = 100x0.04=4

rate r = 4%

r