if the amount of Rs. 400/- for 2 years is 441 then find the annual rate of compound interest
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Answered by
65
Solution :
- Principal, (P) = Rs.400
- Amount, (A) = Rs.441
- Time, (n) = 2 years
Using formula of the compounded annually :
Thus;
The rate of the Interest will be 5% .
Answered by
13
Answer:
please see number c
rate of interest is 5%
hope it helped you
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