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A fixed sum invested received Rs. 1600in the first year And Rs. 1728 in the 2nd year as compound interest the rate of interest compounded anually? |
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Answer» Answer: Correct option is A 30% Difference between the C.I of two SUCCESSIVE years=7410−5700=Rs.1710 Rate of interest= C.I of preceding year×time Difference between the C.I of two successive year×100
∴Rate of intereast= 5700×1 1710×100
=30% Step-by-step EXPLANATION: |
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