Math, asked by komal8053305290, 11 months ago

find the rate at which ₹16000 will yield a simple interest of rupees 2560 in 2 years with the same rate principle and time find the compound interest

Answers

Answered by ubaidmasters2p4p8c5

4

Answer:8percent per annum

Step-by-step explanation:

Use simple interest formula ptr÷100

16000×2×R÷100=2560

160×2R=2560

320R=2560

R=8

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