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23 November, 13:23

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

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  1. 23 November, 14:31
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    A = P (1+r) ^t

    A = amount made after the specified time

    P = original amount of money

    r = rate

    t = time

    2500 = 1800 (1 + r) ^2

    2500/1800 = (1800 (1+r) ^2) / 1800

    1.3888 = (1+r) ^2

    1.17851 = (1 + r)

    1.17851 - 1 = r

    Rate =.17851
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