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12-09-2020
Mathematics

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the sum of rs 2400 compounded to rs 2646 in 2 years find the rate of interest

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12-09-2020

Answer:

principal (p) = 2400

Amount (A) =2646

time (t) = 2 years

Interest = A-p

=2646-2400=246

T = I * 100/(P*T)

= 246*100/(2400 *2) = 5.125%

Step-by-step explanation:

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