EXERCISE 8.3
1.
2.
90 Simple Interest and Compound Interest
Trample 2: At what rate will 1,500 become 1653.75
What sum will amount to 16,500 at 5% per annum for 2 years if the interest is compounded
A certain sum amounts to 5,832 in 2 years at 8% if the interest is compounded annually. Find the
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