if rupees 600 amount is rupees 6 83.20 in 2 years compounded annually find the rate of interest per annum in process
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Step-by-step explanation:
P=600
R=?
T=2years
A=683.20
A=P{(1+R/100)²}
683.20/600= 100+R/100
On Cross Multiply
68320.00=60000-600R
8320=600R
R= 8320/600
R= 13.87%
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