find the rate of interest of Rs. 4000 will be amount to Rs. 6000 in 2 years. please solve it.
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1
Answer:
8
Step-by-step explanation:
A=P(1+R/100)2
5832=5000(1+r/100)2
5832/5000=729/625=(27/25)3
1+r/100=27/25
R=27/25–1=2/25
R=2/25*100=8
R=8% p.a.
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