Question

At what rate per cent per annum will a sum of Rs 500 amount to Rs 8427 in
2 years, compounded annually?
(a) 45%
(b) 60%
(c) 70 % (d)90%​

Answer 1

Answer:

The ratio of the money invested in two schemes is 2.3 and the rate of the interest charged in the

schemes is 10% p.a. and 20% p.a. respectively. Find the respective ratio of the amounts obtained

from the two schemes respectively after 2 years each; if the interest is compounded annually.

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Step-by-step explanation:

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