Find at what rate of interest per annum will Rs.550 amount to Rs.1050 in 10 years.
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Answered by
1
Answer:
10%
Step-by-step explanation:
A=P+SI
1050=550+SI
1050-550=SI
SI= 500
SI= P×R×T/100
500=550×R×10/100
R= 550/55
R=10%
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