Question

At what rate of interest p.A. Under ci will a sum of rs. 1200 become rs. 1348.32 in 2 years?

Answer 1

si = 1348.32-- 1200

= rs. 148.32

si =PTR /100

~~

148.32 = 1200. 2.r/100

~~

148.32 = 24r

so r= 148.32/24

=6.18 %p.a

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