Question

11. A sum of money invested at compound interest
amounts to 800 in 2 years and Rs 840 in 3 years. Find
the rate of interest per annum and the sum

Answer 1

Step-by-step explanation:

Simple interest for one year=840−800=40Rs.

Rate of interest=

800×1

40×100

=5%

Hope it's helpful

Answer 2

Simple interest for one year=840−800=40Rs.

Rate of interest=

800×1

40×100

=5%

Step-by-step explanation:

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