Question

At what rate percent per annum compound interest will 2304 amount to 2500 in 2 years

Answer 1

hi mate☺☺☺☺☺☺


Let the rate per cent per annum be r. Then 
2500 = 2304(1+r/100)2
= (1+r/100)2
= 2500/2304 =(50/48)2
= 1+r/100 = 50/48 = 25/24
= r/100 = 25/24 -1 =1/24
= r = 100/24 = 25/6 = 4*1/6%


so , 4*1/6% is your answer

Answer 2

Hey!!!...Here is ur answer

Given,

P=2304 , A=2500 , t=2 years

Applying the formula,

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

=> 2500=2304 (1+r/100)^2

=> 2500/2304=(1+r/100)^2

=> (50/48)^2=(100+r/100)^2

Comparing both side

=> 50/48=(100+r)/100

=> 48 (r+100)=5000

=> 48r+4800=5000

=> 48r=200

=> r=200/48

=> r= 4.16 %

Hope it will help you