find the ratio of amount on the sum of rupees hundred in the rate of interest is 50 % per annum compounded annually for two years and three years respectively
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Answer:
Let the principle = P, Rate = x% per annume
⇒
P(1+
100
r×1
)
P(1+
100
r
)
2
=
5
6
(1+
100
r
)=
5
6
⇒
100
r
=
5
6
−1=
5
1
r=
5
100
=20
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