at what rate of interest will rs 2400amount to rs 2778. 30 in 3yrs if interest being compounded annually?
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Answer:
5%
Step-by-step explanation:
A=p(1+r)^n
2778.3 = 2400(1+r)^3
2778.3/2400 = (1+r)^3
1+r=1.05
r=0.05×100=5%
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