At what rate per cent per annum will18,000 amour
to* 20,480 in 2 years, compounded annually?
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Step-by-step explanation:
principle = ₹18000
time = 2 years
amount= ₹20480
rate% = ?
simple intrest= amount-principle
= 20480-18000
= ₹ 2480
simple intrest= PRT/100
2480= 18000×r×2/100
2480= 180×r×2
2480= 360r
2480/360= r
62/9=r
hope it is helpfull
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