at what rate of compound interest will rupee 5000 become rupee 7200 in 2 years
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Answer:
r =20%
Step-by-step explanation:
7200/5000 = (1+r/100) power 2
(6/5) power 2 = (1+r/100) power 2
r/100 = 1/5
r = 1/5×100
r = 20%
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