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If the amount is $3\frac{3}{8}$ time the sum after $3$ years at compound Interest compounded annually, then the rate of Interest per annum is
If the amount is $3\frac{3}{8}$ time the sum after $3$ years at compound Interest compounded annually, then the rate of Interest per annum is
1). 25%
2). 50%
3). $16\frac{2}{3}%$
4). $33\frac{1}{3}%$
1). 25%
2). 50%
3). $16\frac{2}{3}%$
4). $33\frac{1}{3}%$
This Question has 2 answers.
Answer for this question is option 2
A = P ($1+\frac{R^{T}}{100}$)
$\frac{27}{8}$X = X ($1+\frac{R^{3}}{100}$)
($1+\frac{R^{}}{100}$)= $\frac{3}{2}$
$R= \frac{1}{2}\times100$
R = 50%
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