At what rate will a sum of rupees 1000 amount to rupees 1102.50 in 2 years at compound Interest?
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hola mate...
here is your answer...
A/P = ( 1 + r/100)^t
1102.50/1000 = ( 1 + r/100)^2
110250/100000 = ( 1 + r/100)^2
(105/100)^2 = ( 1 + r/100)^2
105/100 - 1 = r/100
5/100 = r/100
r = 5/100×100
r = 5% ans.
Hope, it will help you...
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here is your answer...
A/P = ( 1 + r/100)^t
1102.50/1000 = ( 1 + r/100)^2
110250/100000 = ( 1 + r/100)^2
(105/100)^2 = ( 1 + r/100)^2
105/100 - 1 = r/100
5/100 = r/100
r = 5/100×100
r = 5% ans.
Hope, it will help you...
MARK ME AS BRAINLIST
tansintouch2017:
tysm for the answer
welcome
thanks for mark brainlist
your most welcome
thanks for answer
most welcome
its alright
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