Question

Find the rate of compound interest at which 12500 rupees will amount to 15680 in 2 years.​

Answer 1

Step-by-step explanation:

Amount is 15680

principal is 12500

time is 2years

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

15680 = 12500(1+r/100)^2

1.2544 =(1+r/100)^2

√1.2544 =1.12

then 1.12-1 =0.12

0.12*100=12

so rate is 12%

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Answer 2

Answer:

Step-by-step explanation: