Question

what rate percent per annum compound interest will rupees 2304 amount to rupees 2500 in twoyears answer is 4 one upon eight​

Answer 1

Answer:

The rate of interest is $\frac{25}{6}\%p.a.$

Step-by-step explanation:

The formula to compute the amount is:

$A=P[1+\frac{r}{100}]^{t}$

Given:

A = Rs. 2500

P = Rs. 2304

t = 2 years

Compute the value of r as follows:

$A=P[1+\frac{r}{100}]^{t}\\2500=2304[1+\frac{r}{100}]^{2}\\\frac{2500}{2304}=[1+\frac{r}{100}]^{2} \\\sqrt{\frac{2500}{2304}}=1+\frac{r}{100}\\\frac{50}{48}-1 =\frac{r}{100}\\r=\frac{2}{48}\times 100 \\=\frac{25}{6}$

Thus, the rate of interest is $\frac{25}{6}\%p.a.$

Answer 2

Answer:4 1/6

Step-by-step explanation:

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