Question

Smriti invested Rs20,000 in the bank for 4 years and got back Rs29,282 after 4 years.
What was the rate of interest per annum payable annually ?
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Answer 1

Answer:

Step-by-step explanation:

interest=A-P

I=29282-20000

I=9282

Now,

I=P×R×N/100

9282=20000×R×4/100

9282=800×R

9282/800=R

R=11.60%

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Answer 2

Step-by-step explanation:

11.60% please make me Brainliest