Question

At what rate percent compound interest 25000 rupees amount 36000 rupees in two years

Answer 1

Answer:

A =P (I +r/100)n

36 ooo = 25000 (1+r/loo) 2

(I+r/loo) 2 =36000/25000

= I.44

I+r/100=v1.44=1.2

r/100=0.2

r = 0.2 x 100 = 20%