At what rate' % p.a. C.l. will * 20,000 amount to 30,000 in 3 years, if the interest is reckoned half-yearly ? Find the C.I. on 2000 @ 12% pa for 4 years 3 mont) 12.
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Answer:
Correct option is
C
10%
P = 20,000 A = 24,200. n = 2 years.
A=P[1+
100
r
]
n
=20000[1+
100
r
]
2
24,200=20,000(1+
100
r
)
2
1.21
=1+
100
r
⇒1.1=1+
100
r
100
r
=1.1−1=0.1⇒r=10%
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