At what rate percent will some of 1000rs amount to 1102.50rs in 2years at compound interest
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P= 1000
T=2
Interest= 1102.5-1000= 102.5
R=?
I= (P×R×T )/100
102.5 = (1000 ×R×2 )/100
R= 102.5/20
R= 5.125%
T=2
Interest= 1102.5-1000= 102.5
R=?
I= (P×R×T )/100
102.5 = (1000 ×R×2 )/100
R= 102.5/20
R= 5.125%
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