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Time value of money

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If the interest of a money is equal to its one by nine, the rate of interest and time are equal then find rate of interest is

Mirjavalli Shaik

CA Foundation

★ 480

02-Jan-20 04:58

626

Answers (1)

Assume Principal is X, so interest is 1/9X. Rate of Interest is Y and Time is Y. Put in the formula, you will be able to solve.

CA Suraj Lakhotia

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02-Jan-20 11:02

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