Q. 6. If * 4,000 amount to 5,290 in 2 years. Find the
rate of compound interest.
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2
Answer:
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Answered by
2
Answer:
Rate of compound interest is 15 %
Step-by-step explanation:
P = ₹4000
A = ₹5290
T = 2y
R =?
5290=4000(1+R/100)
√(5290/4000) = 1+R/100
23/20 -1 = R/100
300/20 =R
15% = R
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