Mr. Lalit invested rs.5000 at a certain rate of interest compounded anually for 2 years at the end of first year its amount s to rs.5325 calculate the rate of interest
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=) P=5000
Amount at the end of first year=5325
S.I=A-P
=5325-5000
=325
1)RATE=SI×100÷P×T
=325×100÷5000×1
=325÷50
=6.5%p.a
Hope , It Helps ...
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