At what rate percent per annum will Rs.6000 amount to Rs.6615 in 2 years when interest is compounded annually.
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Answer:
5
Step-by-step explanation:
Solution: As it is given that the principle amount is Rs 6000, time is 2 years and Total amount is Rs 6615. Therefore, the rate of interest at which Rs 6000 will amount to Rs 6615 in 2 years is 5%.
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