Question

2000 rupees was deposited in a scheme in which interest is Compounded annually After two years the amount in the account was 2205 ruppees What is the rate of interest ?
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Answer 1

Step-by-step explanation:

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Answer 2

Answer:

The rate of interest of 2000 rs deposited in the scheme

when after 2 years collected was 2205 rs

so the rate of interest is 5%

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