Answer:
18.2%
Step-by-step explanation:
Given data
Principal= $2500
Final amount= $3600
Time = 2 years
Rate=???
The expression for the rate is given as
r= ln(A/P)/t
substitute
r= ln(2500/3600)/2
r= ln(0.6944)/2
r= -0.364/2
r= 0.182
Hence the rate is 18.2%
