4. At what annual rate percent would Rs 68,000 amount to
Rs 90,440 in 11 years?
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1
Step-by-step explanation:
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Answered by
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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