Math, asked by muskanbansal7123, 1 year ago

Nikita invests 6000 for 2 years at a certain rate of interest compounded annnually at the end of first year it amounts to 6720 calculate the rate of interest

neosingh: 12℅

neosingh: 720/6000

Answers

Answered by Anonymous

5

Interest=6720-6000=720
720=6000×r×1/100
720=60×r
r=7%

neosingh: 12 bro

Anonymous: oooo yaaa...sorryy yrrr

Anonymous: mistake in calculation

Anonymous: it's 12%

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