4) Find the rate of compound interest per
annum at which 12,500 will amount to
15,680 in 2 years.
Answers
Answered by
0
Answer:
Given, P= Rs. 12500,R
1
=15%,R
2
=16%
A=p(1+
100
R
1
)(1+
100
R
2
)
A=12500×(1+
100
15
)×(1×
100
16
)
=12500×
200
115
×
100
116
= Rs. 16,675
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