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sagorahmmed
sagorahmmed sagorahmmed
  • 18-10-2016
  • Mathematics
Answered

A sum of $5000 was taken as a loan. After 1 year the money grew to $5500 by compounding annually. What was the rate of interest per annul?

A5%

b.8%

c.10%

d.12%

e.none of these

Verified Answer :

CMajanaA CMajanaA
  • 18-10-2016

I'll say A) (Sorry if that didn't help)

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