At What annual rate of profit would a sum of RS 5800 will increase to RS 7105 in 3 years Time I hope you Brianlist PlZ plz PlZ PlZ
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Step-by-step explanation:
given;
amount (A) = rs 7105
principle(P)= rs 5800
time(T)= 3yrs
interest (l)= A-P = 7105-5800 = rs1305
we know;
rate= I × 100/PT
= 1305 × 100/5800×3
=1305/174
= 7.5%
Hope it helps!!
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