Find the rate per cent annum, if compounded yearly
Principal = rs 3136
Compound interest = rs 345
Time = 2 years. find rate of interest
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2
Answer:
Rate of interest = 5.35%
Step-by-step explanation:
Principal = Rs 3136
Compound interest = Rs.345
Amount = Principal +Compound interest = Rs 3136+ Rs.345 = Rs.3481
Time= 2 years
Rate of interest = 5.35%
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Answer:
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Step-by-step explanation:
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