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Question
If amount on the principal of Rs 6,000 is written as `6000 [1 + 5/100]^3` and compound interest payable half yearly, then rate of interest p.a. is ______ and time in years is ______.
Solution
If amount on the principal of Rs 6,000 is written as `6000 [1 + 5/100]^3` and compound interest payable half yearly, then rate of interest p.a. is 10% and time in years is `underlinebb(1 1/2 yr)`.
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