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Sanjay Invested An Amount Of Rs 16,000 For Two Years On Compound Interest And Received An Amount Of Rs 17,640 On Maturity. What Is The Rate Of Interest Per Annum? |
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Answer»
17640/16000= (1+r/100)2 441/400= (1+r/100)2 => (21/20)2= (1+r/100)2 R=5%. Amount =P(1+r/100)2 17640/16000= (1+r/100)2 441/400= (1+r/100)2 => (21/20)2= (1+r/100)2 R=5%. |
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