Question

plz tell If a sum of money becomes 9/4 in 2 years under an annual compound interest scheme then find rate of interest

Answer 1

Answer:

Step-by-step explanation:

take it as of rs 100

then the amount will become rs 225

then put the values in formula

amount = p(1+r/100)^t

then 225 = 100(1+r/100)^2

in this way the r = 50%

Answer 2

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