Question

If Rs 3300 become Rs 4356 in 4 year, then find the rate of interest percent per annum ​

Answer 1

Step-by-step explanation:

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P=Rs.3300A=Rs.3399R=6%perannumLetthetimebenyears.Compoundinterestistakenhalf - yearly.A=P×[1+(R2×100)]2n3399=3300(1+3100)2n(1.03)2n=33993300(1.03)2n=(1.03)1Thus,2n=1yearn=12year=6months

Answer 2

Answer:

8% per annum

Step-by-step explanation:

Here, P = Rs. 3300

Amount = Rs. 4356

Interest = Rs. 4356 - 3300

= Rs. 1056

So, PRT/100 = 1056

=> (3300×R×4)/100 = 1056

=> R = 8% p. a.

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