A man deposited 100000 in a bank. at end of 2 years he earned an interest of 24000 find the rate of interest per annum
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rate=Interest *100/principal*time
=24000*100/100000*2
=2400000/200000=24/20=12/10=1.2
rate =1.2%
=24000*100/100000*2
=2400000/200000=24/20=12/10=1.2
rate =1.2%
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