If the compound interest on an amount of rs. 29000 in two years is rs. 9352.5, what is the rate of interest?
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9352.5=2year intrest
and
one year intrest=4676.25
then
29000*x/100=4676.25
29000*x=467625
x=16.125
and
one year intrest=4676.25
then
29000*x/100=4676.25
29000*x=467625
x=16.125
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