Question: I do not need excel solution. Please give me the theoretical solution. An investment fund has a value of 1000 at the beginning and the
I do not need excel solution. Please give me the theoretical solution.
An investment fund has a value of 1000 at the beginning and the end of the year. A deposit of 200 was made at the end of four months. A withdrawal of 300 was made at the end of seven months. Find the rate of interest earned by the fund assuming simple interest during the year.
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