Question

P = 1000 A = 1144.9 n=2 year 2 R=
?​

Answer 1

Answer:

6.98%

Step-by-step explanation:

1. Formula=A=P(1 + r/100)number of time

1144.9=1000(1+r/100)sqr

(1+r/100)sqr=1144.9/1000

(1+r/100)=33.83/31.62

R/100=33.83/31.62-1=2.21/31.62

R=31.62/100mutiple2.21equ to 6.98%

R=6.98%