if a certain amount of rs 4000 at the end of 5 yrs at 12% interest , find the sum
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Answer:
Sum of money → II year Rs. 4000 → III year Rs. 5000
There is increase of Rs. 1000 in 1 year due to interest
1000=
100
4000×R×1
∴R=25% per annum.
[S.I.=
100
P.R.T
]
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