The amount of certain principal is 11,91,016 in 1½ years and 13,38,226 in 2½ years compounded half yearly. What
will be the rate of interest per annum?
Answer is 12%
PLEASE GIVE EXPLANATION
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The amount of certain principal is 11,91,016 in 1½ years and 13,38,226 in 2½ years compounded half yearly. What
will be the rate of interest per annum?
Answer is 12%
PLEASE GIVE EXPLANATION
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