48. The interest on a certain principal for 1 year at a certain rate of interest is12,500. The compound interest on the same principal for 2 years at thesame rate of interest is 26,250. What is the rate of interest?(1) 8 p.c.p.a.(2) 10 p.c.p.a. About the author Amara
Answer:
10 p.c.p.a.is the correct answer