Find the rate percent per annum, if Rs. 2000 amount to Rs. 2315.25 in an year and a half, interest being compounded six monthly.

Given,


Principal = Rs.2000


Amount = Rs.2315.25


Time = 1 years =


Let rate = R % per annum


A =


=


=


=


=


=


Hence ,


Rate = 10.25%


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