At a certain rate of compound interest rs 15320


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at a certain rate of compound interest rs 15320 becomes rs 30640 in, 6 years.what is the rate of interest

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You would calculate that by taking the 6th root of 30,640/15320 which amounts to 1.1225 therefore it would be 12.25% per annum effective which is often expressed as 12.25% per annum compounded annually.

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