Question

1000 amout of 2000 in 10 years.find the rate of intrest?

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Answer 1

Step-by-step explanation:

Monthly Interest Rate Calculation Example

Convert the annual rate from a percent to a decimal by dividing by 100: 10/100 = 0.10.

Now divide that number by 12 to get the monthly interest rate in decimal form: 0.10/12 = 0.0083.

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Answer 2

20%

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