find the rate of compound interest per annum at which ₹12500 will amount to ₹ 15680 in 2 years
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Answered by
4
the rate of interest is 12% per annum.
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Answered by
9
Answer:
12%
Step-by-step explanation
15680=p{r/100+1}^t
15680=12500{r/100+1}^2
15680/12500={r/100+1}^2
784/625={r/100+1}^2
square rooting on both side
28/25=r/100+1
28/25-1=r/100
3/25=r/100
3/25*100=r
12=r
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