pls solve. will report fake answers ... thank you :)
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Step-by-step explanation:
SI= P×R×T/100
final amount- pricipal= 1000×R×8/100
(2000-1000)= 80R
1000= 80R
R= 1000/80= 100/8 = 12.5%
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Answer:
-0.00996 % p.a.
Step-by-step explanation:
Principal = x [Let us say]
Amount = 2x
Rate = R
Time = 8 years
Assuming that the bank follows compound interest, we will get an equation.
2x = x(1 + R/100)^8
(1 + R/100)^8 = 2
(1 + R/100) = 0.004
R/100 = -0.996
R = -0.00996
Rate of Interest = -0.00996 % p.a.
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