what is the rate of interest if the simple interest is 8000 and the compound interest is 8164 for two years?
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CI-SI = R*SI/100
164=R*4000/100....[SI for 2yrs=8000,means SI for each yr=4000 @ same rate]
164/40=R
R=4.1%
164=R*4000/100....[SI for 2yrs=8000,means SI for each yr=4000 @ same rate]
164/40=R
R=4.1%
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