At what rate percent per annum will 62500 amount to 72900 in 2 years compounded annually
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Answer:
Given, SI = $ 6750, R = 203% p.a. and T = 3 years.
sum = 100 × SI / R × T
= $ (100 × 6750 × ³/₂₀ × 1/3 ) = $ 33750.
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