Navina deposited entire Rs. 30,000 in bank and received Rs. 34,200 after 2 years. Find the
rate % per annum.
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Step-by-step explanation:
Therefore the rate 4200
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Answer:
principal = ₹ 30000
amount = ₹ 34200
interest = amount -principal
34200- 30000= 4200
rate = Interest × 100 / principal × time
4200 ×100/ 30000× 2 = 7 % per annum
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