Question

14. Find the rate percent per annum if Rs. 2000 amount to Rs. 2662 in 3/2
years, interest being compounded half-yearly?​

Answer 1

Answer:

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Step-by-step explanation:

Half yearly means timw double ,3/2×2=3 yr

2662/2000=(1+r/100)^3

1331/1000=(1+r/100)^3

11/10=1 + r/100

1/10=r/100

r=10%

Answer 2

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