At what rate per cent annum will rs. 3600 amount to 4734 in 3 1/2 years?
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Answer:
Interest rate = 9%
Step-by-step explanation:
Amount after 3 1/2 years = 4734
Principal = 3600
Interest = 4734 - 3600 = 1134
Interest = Principal*Number of years*rate/100
1134 = 3600*3.5*r/100
r = 1134*100/(3600*3.5) = 9
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