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At what rate per cent per annum will18,000 amourto* 20,480 in 2 years, compounded annually? |
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Answer» Step-by-step explanation: PRINCIPLE = ₹18000 time = 2 YEARS AMOUNT= ₹20480 rate% = ? SIMPLE intrest= amount-principle = 20480-18000 = ₹ 2480 simple intrest= PRT/100 2480= 18000×r×2/100 2480= 180×r×2 2480= 360r 2480/360= r 62/9=r hope it is helpfull |
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