Question

4. At what annual rate percent would Rs 68,000 amount to
Rs 90,440 in 11 years?
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Answer 1

Step-by-step explanation:

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Answer 2

Answer:

3%

Step-by-step explanation:

Real Money = 68,000

Obtained Money = 90,440

Profit = 90,440-68,000

= 22440

Duration = 11 years

annual rate = ?

annual rate = profit*100/duration*real money

= 22440*100/11*68000

= 2244000/748000

= 3%

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