At what rate percent per annum will a sum of 62,500 become 1,08,000 in 3 years, if the interest is compounded annually?
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Answers
Answered by
3
Answer:
25,500
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Answered by
3
Answer:
HII mate so the answer is R=220%
Step-by-step explanation:
{1080/625}=125={1+8/100}
2/16/125={1+r/100}
{1+R/100}={216/125}
1+R/100=6/5
R/100=6/5=1/5
R=1/5. 100
R=220%
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