Answers

2016-02-14T13:46:33+05:30
Given,
P=13824
CI₂=2400

therefore, A₂=13824+2400
                     =16224

therefore,
16224=13824(1+(r/100))²
=> √(16224/13824) = √(1 + (r/100))²
=> 1.083=1+(r/100)
=> 1.083-1=r/100
=> .083=r/100

therefore, rate=.083*100
                  =8.3%
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