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26 September, 14:58

At what rate of interest would rs 1800 amount to rs 2500 in 2 years

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  1. 26 September, 18:06
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    Interest formula: A = P (1 + rt)

    Solving for r (Rate) : r = (1/t) (A/P - 1)

    Rate = (1/2) (2500/1800 - 1) = (1/2) (25/18 - 1) = (1/2) (7/18) = 7/36 ≈ 0.194

    Rate = 0.194% per annum
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