Question

At what rate percent will 2500 amount to 3250 in 6years

Answer 1

Answer: The answer is 5%.

Step-by-step explanation:

Here, P = 2500 ; A = 3250 ; T = 6 years

We know, A = P + I

=> I = A - P = 3250 - 2500 = 750

We know, I = PTR/100

=> R = ( 100 × I) ÷ (P ×T)

=> R = ( 100 × 750) ÷ ( 2500 × 6)

=> R = 5

Therefore, required rate percentage 5%.