Question

Find the rate of compound interest per annum at
which 12,500 will amount to 15,680 in 2 years​

Answer 1

Answer:

SI=  

5

P

​

,t=4

SI=  

100

Prt

​

 

5

P

​

=  

100

4Pr

​

 

⟹r=5%

Now, when t=15

SI=  

100

3750×5×15

​

=Rs.2812.5=  

4

3

​

(3750)

⟹SI=  

4

3

​

P