At what rate of percent compounded yearly will rs 80000 amounts to rs 88200 in 2 yrs
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Step-by-step explanation:
88200=80000(1+r/100)^2
88200/80000=(1+r/100)^2
(420/400)^2= (1+r/100)^2
420/400-1/1=(r/100)
20/400=r/100
r=50%p.a
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