At what rate per cent per annum will * 6,000
amount to 6,615 in 2 years when interest
is compounded annually ?
Answers
Answered by
5
Answer:
5%
Step-by-step explanation:
Prinicpal = 6000
total amount = 6615
=> time = 2 years
rate = ?
=> as we know that
=> 6615 = 6000× 100+x/100×100+x/100
=> X = 5%
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