at what rate per cent per annum will ₹4000 yield an interrest of ₹410 in 2 years
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Answer:
R = 5.125%
Step-by-step explanation:
Given:
P = Rs. 4000
I = Rs. 410
T = 2 yrs
I = PRT/100
=> 410 = 4000 x R x 2/100
=> 410 = 80R
=> R = 410/80
=> R = 5.125%
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