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At what rate of interest will Rs 2500 amo- unt 10 Rs.3200 in. 7yrs?​

asked
User Bells
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1 Answer

6 votes

Answer:

The rate of interest required to make Rs. 2500 amount to Rs. 3200 in 7 years is 8.5%. This can be determined by using the information from pa01000192.schoolwires.net, which states that the formula for finding the rate of interest is: Rate of Interest = (Future Value - Present Value) / (Present Value * Time). Applying this formula to the given values gives a rate of interest of 8.5%.

Explanation:

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User Dragontree
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