Question

At what rate per cent will rupees 625 amount to rupees 676 in 2 years in interest begin compounded annually

Answer 1

Answer:

Step-by-step explanation:

amount = P (1+r/100)^t

676 = 625 (1+r/100)^2

676/625 = (1+r/100)^2

square root on both sides

26/25 = 1+r/100

26/25 - 1 = r/100

1/25 = r/100

r = 100/25

r = 4%

hope it helps

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Answer 2

Answer:

Step-by-step explanation:

4%