Question

Find the rate per cent annum, if compounded yearly
(1) Principal = 196, Amount = 225, Time = 2 years.​

Answer 1

Answer:

7.39%

Step-by-step explanation:

difference between Amount & principal is 29 for 2year so for 1year 29/2=14.5

I = PRN

100

29=196×R×2

100

2900=392R

R= 2900

392

7.39%

you can telly also this way like

I= 196×7.39×2

100

=28.96 which is difference (225-196)it's called interest of 2year

Answer 2

please mark my answer as a brain list