2 years ago

Whats the answer to these questions?

Mathematics

1 answer:

vivado [14]2 years ago

3 0

Answer:

answer is attached

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Given:

Principal, P = $2,000

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We know:

$Amount = P(1+\frac{r}{100})^t$

On substituting the value we get:

$2500 = 2000 (1 + \frac{r}{100})^1\\ \\\frac{25}{20}= (1+\frac{r}{100})\\$

$\frac{5}{20} = \frac{r}{100}\\ \\r = \frac{100 X 5}{20} \\\\r = 25$

Therefore, the rate of interest is 25%

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