Question

At what rate percent compound interest will be Rs 700 amount to Rs 847 in 2 years

Answer 1

Answer:

10%

Step-by-step explanation:

A=p(1+r/100)^n

700(1+r/100)^2=847

1+r/100=√(847/700)

r/100= 11/10 -1

r= 1/10×100

r= 10