plz solve:
rupees 12,000 is invested for 1½ years at compound interest. If rupees 15,972 is received at the end of this period find the rate of interest per annum.
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Answered by
2
Answer:
R = 21%
Step-by-step explanation:
A= P(1+R/100)^t
15972 = 12000(1+R/100)^3/2
1331/1000 = (1+R/100)^3/2
1+R/100= (1331/1000)2/3
1+R/100 = [(11/10)^3]^2/3
1+R/100= (11/10)^2
1+R/100= 121/100
R/100= 121/100-1
R/100= 21/100
R= 21%
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Answer:
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