Math, asked by santoshkr0546, 11 months ago

at what rate percent per annum will a sum of 7500 amount to 8427 in 2 years compounded annually

Answers

Answered by aditipalav77

8

Answer:

6p.c.p.a.

Step-by-step explanation:

A = 8427

P = 7500

N = 2 years

A = P(1+R/100)

8427=7500(1+R/100)

8427/7500 = (1+R/100)

53/50 = (1+R/100)

53-1/50 = (R/100)

3/50 = (R/100)

R = 3*100/50

R = 6%

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