At what rate percent per annum will a sum of Rs.3200 amount to Rs.3872 in 2 years
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Answer:
10.5%
Explanation:
Sum = Rs. 3200 , Time = 2 years , Amount = Rs. 3872
SI = Amount - Sum
= 3872 - 3200
= Rs. 672
Rate = SI × 100 / P × T
= 672 × 100 / 3200 × 2
= 21 / 4
= 10.5%
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