Question

the amount and the compound interest which is calculated yearly on a certain sum of money which is 1250 is 1 year and 1375 in 2 years calculate the rate of interest​

Answer 1

Answer:

let the sum of the money be rs p

let the rate of interest be r percent p.a

a/q,

1250 = P (1+ r/100) whole square ----1

1375= p (1 + r/100) whole square-----2

divining (2) and (1) , we get

1375

------- = 1+r/100

1250

r/100 = 125

-------

1250

r = 10 percent p.a

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Answer 2

Answer:

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