Answer:
The value of rate per annum is R = 12.5 %
Step-by-step explanation:
Principal amount = 576
Interest = 153
Amount after 2 years = 576 + 153 = 729
We know that
![A = P [1 + \frac{R}{100} ] ^{T}](https://tex.z-dn.net/?f=A%20%3D%20P%20%5B1%20%2B%20%5Cfrac%7BR%7D%7B100%7D%20%5D%20%5E%7BT%7D)
Put all the values in above equation
![729 = 576 [1 + \frac{R}{100} ]^{2}](https://tex.z-dn.net/?f=729%20%3D%20576%20%5B1%20%2B%20%5Cfrac%7BR%7D%7B100%7D%20%5D%5E%7B2%7D)
R = 12.5 %
This is the value of rate per annum.
Answer:
The answer to the promblem is -7
Answer:
8.01
Step-by-step explanation:
8
is the same as 
Divide:
801 ÷ 100 = 8.01
Answer:
The current price index number is $604.2.
Step-by-step explanation:
The index value is the ratio between the current value and the reference value, multiplied by 100.
In this problem, we have that:
Current value = $3.48
Reference value: $0.576
Index price = (3.48/0.576)*100 = $604.2.
The current price index number is $604.2.
