at what rate of interest per annum should rita invest if she wants to grow her 2500 to 4000 in five years
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Answered by
32
Step-by-step explanation:
If SI =4000-2500 =1500
SI =P×R×T/100
1500=2500×r×5/100
1500=125r
r=1500/125
r=12
therefore rate=12%
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