Question

. At what rate per cent per annum will * 6,000
amount to * 6,615 in 2 years when interest
is compounded annually ?without using formula​

Answer 1

Solution: As it is given that the principle amount is Rs 6000, time is 2 years and Total amount is Rs 6615. Therefore, the rate of interest at which Rs 6000 will amount to Rs 6615 in 2 years is 5%.



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