a person invests rs 10000 for two years at a certain rate of intrest componded annually at the end of one year this sum amounts to rs 11200 calculate the rate of intrest per annum and the amount at the end of second year
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sum = Principal +Interest
11200 = 10000 + P*R*T/100
1200 = 10000*R*1/100
Rate= 12%
sum at the end of Second year= 11200+11200*12*1/100 = 11200+1344 = 12544 ans
11200 = 10000 + P*R*T/100
1200 = 10000*R*1/100
Rate= 12%
sum at the end of Second year= 11200+11200*12*1/100 = 11200+1344 = 12544 ans
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