a sum of ₹1200 becomes ₹1323 in 1 year compounded half yearly find the rate % p.a
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Answer:
rate=10%
Step-by-step explanation:
P=1200
Time=1 year ⇒ half years=2=n
Rate=r%
compounded half yearly=
₹1323=1200
₹1323=1200
₹1323=
441*100= (200+r)²
(200+r)=21*10=210
r=10
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