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The compound interest on a certain sum for 2 years is `756 and simple interest is `720. If the sum is investedsuch that the simple interest is `900 and the number of years is equal to the rate percent per annum, findthe rate percent. |
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Answer» The compound interest on a certain sum for 2 years is `756 and simple interest is `720. If the sum is invested such that the simple interest is `900 and the number of years is equal to the rate percent per annum, find the rate percent. |
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