if an immediate of rs 16000 paid for 2 years amounts to rs 33280.Find the rate of interest compounded per annum.
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Given,
A=33280
P=16000
T=2yrs
Therefore,
A=P(1+r÷100)*n
33280=16000(1+r÷100)^2
33280-16000
17280÷(1+r÷100)^2
continue this equation u will get the answer
Hope this 'll help u
Thank you
adinath07:
thank you very much
u got the answer
i think your steps are wrong.....
ohhh s s
u make that ÷to=
not that one.......but you had subtracted 16000 from 33280..........this step is wrong
33280 should be divided by 16000
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