At what rate per cent per annum interest will Rs. 3 produce Rs. 12 in 50 years
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Answer:
R = 6% p.a.
Step-by-step explanation:
A = Rs. 12, P = Rs. 3
Therefore, I = A-P = Rs. 9
I = PRT/100
9 = 3R50/100
=> R = 6% p.a.
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