Hey Mates Please Solve This Question
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P. =. Rs 140
time (n) =Rs 4 years
4 years = 48 months
Maturity value = Rs. 8,092
Rate of interest =?
formula , Interest = p*n(n+1)*r /2 *12 *100
= 140 * 48(48+1) * r / 2 * 12 * 100
=. 140 * 48 (49) * r / 2 *12 * 100
=. 7* 2 * 49 * r/ 5
=. 686 * r / 5
Interest =. 686 * r / 5
Maturity value. = p*n+I
8,092 = 140 * 49 + 686 * r / 5
8,092 = 28 *49 + 686r
8,092 = 1372 + 686r
8,092 - 1372 = 686r
6,720 = 686r
r = 6,720 / 686
r = 9. 79
LAKSHMINEW:
Gr8 answer!!!!❤❤✌✌
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