Question

If Rs. 600 amounts to Rs. 683.20 in two years compounded annually, find the rate of interest per annum.

Answer 1

$\underline{\orange{\sf{\blue{\dag}\:Answer:-}}}$

Principal = Rs. 500;

Amount = Rs. 583.20;

Time = 2 years.

Let the rate be R% per annum..

Then, [ 500 (1+(R/100)2 ] = 583.20

or

[ 1+ (R/100)]2 = 5832/5000 = 11664/10000

[ 1+ (R/100)]2 = (108/100)2 or 1 + (R/100) = 108/100

or

$\sf\red{⟶}$R = 8 So, rate = 8% p.a

$\underline{\red{\sf{\blue\:Thank \ чou ♡}}}$

Answer 2

Answer:

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Answer 3

Answer:

here is your answer please mark as me brain list it's important to me

Step-by-step explanation:

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