Anuj lent a sum of 240000 to his friend for 4.5 years. If he received 781000 as interest at the end of 4.5 Sears, what was the annual rate of interest? please fast
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Answer:
R = 72.31
Step-by-step explanation:
use SI= PTR/100
R=(100 X SI)/PT
=100 X 781000 / 4.5 X 240000
=78100/45X24
R = 72.31
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