At what rate percent compound interest will be Rs 700 amount to Rs 847 in 2 years
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Answer:
10%
Step-by-step explanation:
A=p(1+r/100)^n
700(1+r/100)^2=847
1+r/100=√(847/700)
r/100= 11/10 -1
r= 1/10×100
r= 10
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