A's captial exceeds B's capital by 20.5% invests his capital at 20% p.a for 3yr interest compounded annually.At what rate percentage p.a must A invest his capital at simple interest so that at the end of 3 yrs both get the same ammount?
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Answer:
A's captial = (120.5 * 100)/100 = Rs.120.5 . → Rate = 20% PA compounded annually.
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1
Answer:
A's captial = (120.5 * 100)/100 = Rs.120.5 . → Rate = 20% PA compounded annually.
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