At what rate per annum will a sum of ₹6250 be compounded to ₹7840 in 2 years.
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here is the answer.... you are searching for... the ans is 12%
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A=P(1+R/100)to power t
7840=6250(1+R/100)to power t
7840/6250=((100+R)/100))to power 2
✓7840/✓6250=(100+R)/100
28/25=(100+R)/100
28×100/25=100+R
112=100+R
R=112-100
Rate=12%
7840=6250(1+R/100)to power t
7840/6250=((100+R)/100))to power 2
✓7840/✓6250=(100+R)/100
28/25=(100+R)/100
28×100/25=100+R
112=100+R
R=112-100
Rate=12%
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