Math, asked by chitra63828, 5 days ago

21) Morgan has an investment worth Rs.130,000 after 20 years. If his original investment was for Rs.50,000 what must the interest rate have been?

Answers

Answered by bson

1

A =p(1+nr)

130000 = 50000(1+20r)

13/5 =1+20r

8/5 =20r

8/100=r

r=8%

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