4. At what rate per cent per annum will Rs 1,200 amount to Rs 1,323 in 2 years when the interest is compounded annually
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Answered by
0
Let r% be the rate per annum.
1,323=1,200(1+
100
r
)
2
1,200
1,323
=(1+
100
r
)
2
1,200
1,323
=(1+
100
r
)
100
r
=1.05−1
r=5%.
Answered by
0
Answer:
what are telling about?
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