At what rate percent will a sum of Rs. 3750 amount to Rs. 4374 in 2 years, If
the interest is compounded annually?
simple method
Answers
Answered by
2
Given,
Principle = ₹3750
Amount = ₹4374
Time = 2 Year
Simple interest = Amount - Principle
= 4374 - 3750
= ₹624
Rate = Simple interest × 100
Principle × Time
= 624 × 100
3750 × 2
= 62400
7500
= 8.32℅
please mark me brainleast.
Similar questions