Question

If 650 amounts to 685 in 2 years, find the rate percent per annum

Answer 1

Answer:

In the question,

P=650rs,A=685rs,Time=2years,rate=?

Then,S.I=A- P=685-650=35rs

Now,

S.I=P.R.T/100

35=650×R×2/100

35×100/650×2=R

35/13=R

2.69%=R

R=2.69%

Step-by-step explanation: