Mathematics · Compound Interest

What is the rate percentage per annum if ₹4,800 amounts to ₹5,043 in 2 years when interest is compounded yearly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

15.0%
22.5%✓
32.0%
43.0%

Correct answer

2.5%

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What is the rate percentage per annum if ₹4,800 amounts to ₹5,043 in 2 years when interest is compounded yearly?

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What is the rate percentage per annum if ₹4,800 amounts to ₹5,043 in 2 years when interest is compounded yearly?

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