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A Sum Of Money Invested At Compound Interest Amounts To Rs. 800 In 3 Years And To Rs. 840 In 4 Years. The Rate Of Interest Per Annum Is? |
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Answer»
=Rs[840 - 800] = Rs.40 =(100x40/800x1)% = 5%. S.I. on Rs.800 for 1 year =Rs[840 - 800] = Rs.40 Rate =(100x40/800x1)% = 5%. |
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