T-$7500 T-8% T-2 1/2 yrs find the amount
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Answered by
0
Answer:
Correct option is
C
6%
We have,
P=7500 Rs
A=8427 Rs
T=2 years
A=P(1+
100
R
)
T
7500+8427=7500(1+
100
R
)
T
7500
8427
=(1+
100
R
)
2
(1+
100
R
)=
2500
2809
=(
50
53
)
(1+
100
R
)=
50
53
−1
100
R
=
50
53
−1
R=
50
3
R %=6 %
Hence, this is the answer
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