Question

At what rate percent per annum compound interest will rs 2304 amount to 2500 ir
2 years?​

Answer 1

Answer:

4.16%

Step-by-step explanation:

let R be n

P=₹2304

A=₹2500

T=2y

A=P[(1+R/100)^n]

2500=23040[(1+R/100)^2]

2500/2304=(1+R/100)

50/48=(1+R/100)

1+R/100=50/48

R/100=50/40-1

R=(50/48-1)×100

R=2/48×100

R=25/6

R=4.16%