Ram lent RS.10,000 to Rishibash for 2 years .If Rishibash paid RS.11,236 after 2 years what is the rate of interest compounded annually paid by Rishibash to Ram.
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lent=10k
interest for two yrs=11236-10000=1236
1yr interest=1236/2
=618
interest for two yrs=11236-10000=1236
1yr interest=1236/2
=618
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