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The compound interest on a sum of rsp, f...

The compound interest on a sum of rsp, for T years at R% per annum is given by `l=[(1+(R)/(100))^(T)-1]` . Make R as the subject of the formula .

Text Solution

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The correct Answer is:
`R = [ ((1)/( P) + 1)^((1)/( T)) - 1] 100`
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