A sum of money becomes rs. 8820 in 2 years and rs. 9261 in 3 years at the same rate of compound interest. the rate of interest per annum is
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The sum of money in 1 yr = 8820/2 =4410
The sum of money ib 3 years = 9261/3 =387
.°. , 4410/387
. = 11.39 %
The sum of money ib 3 years = 9261/3 =387
.°. , 4410/387
. = 11.39 %
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