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Priyadarshi

· started a discussion

· 1 Months ago

Sum of money becomes 9 times means Amount=9P+P (Question: 195245.0 )

Sum of money becomes 9 times means Amount=9P+P=10P

Question:
At what rate per annum will a sum of money become 9 times of itself in two years, if the interest is compounded annually ?
Options:
A) 100 %
B) 200 %
C) 125 %
D) 50 %
Solution:
Ans: (b)


Knowledge Expert

· commented

· 1 Months ago

Dear Student,

Here Money become 9 times to itself means represent as a amount, read explanation carefully and try again.

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