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ICSE Class 9 Answered

A person invests RS 10000 for two years at a certain rate of interest,  compounded annually . At the end of one year this sum amounts to RS 11200. Calculate : 1. Rate of interest p.a 2. Amount at the end of second year.
Asked by Kanwaranita10 | 04 Mar, 2018, 09:21: AM
answered-by-expert Expert Answer
begin mathsize 16px style straight P equals 10000 straight A equals 11200..... first space year 11200 equals 10000 open parentheses 1 plus straight r over 100 close parentheses straight r equals 12 put space straight n equals 2 space for space 2 nd space year straight P equals 10000 comma space straight r equals 12 end style
Answered by Arun | 04 Mar, 2018, 03:29: PM

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