at what rate of percent per annum will ₹8100 amount to ₹12100 in 2 years , interest compounded annually.
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Answer:
Given Amt. = Rs. 12100
R % = 10 % = 110
Time = 2 years
Total amount for 2 years = 10+10+1+100 = 121
121 units - Rs.12100
1 unit - 100
Principal = 100 unit
= 100×100 = 10000
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