A sum of money placed out at compound interest amounts to 20160 in 3 years and to 24192 in 4 years calculate the rate of interest, amount in 2 years a
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The interst of 4th year is
24192-20160= 4032
So the rate of interest will be
4032*100/20160 = 20%
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0
Answer:
= 20%
Step-by-step explanation:
the rate of the intrest is 20%
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