Question

@Mehek14 Correct ?

Answer 1

@TheSmartOne

Answer 2

I don't really understand the first question, but the second question:

It is

1 + r = 1.04

r = 0.04

Now, we need to find the percentage, which means we have to multiply is by 100

0.04 * 100 = ?

Answer 3

4

Answer 4

And so the rate of change is 4%