At what rate percentage per annum will a sum of rupees 7500 amoint to rs8427 in 2 yrs compuond annually
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R = (1/t) (A/P-1)
R = (1/2) ((8427/7500)-1)
= 0.0618
r = 0.0618
converting R decimal to R in a percentage.
= 0.0618*100= 6.18%/ year... # ans
R = (1/t) (A/P-1)
R = (1/2) ((8427/7500)-1)
= 0.0618
r = 0.0618
converting R decimal to R in a percentage.
= 0.0618*100= 6.18%/ year... # ans
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