Question

Find the rate per cent annum if compounded yearly principal=196 amount =225 time=2year

Answer 1

Answer:

Answer :

Principal = 196

Amount = 225

Time = 2 years

Simple Interest = Amount - Principal

= 225 - 196

= 29

R = S.I. x100 / P x T

. = 29 x 100 / 196 x 2

. = 29 x. 25 / 98

. = 725/98

= 7/ 31

. 98 %

Step-by-step explanation:

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