Question

At what rate percent per year will ` 56,200 amount to ` 59,572 in 2 years?​

Answer 1

Answer:

principle = 56200

amount= 59572

time = 2 years

then, SI = 59572-56200= 3372

now, rate = SI ×100/P×T

3372×100/56200×2=3372/562×2=3372/1124=3

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