Question

3. Find the sum of money which becomes
(i) Rs 1,323 in 2 years at a compound interest rate of 5%
(ii) Rs 6,655 in 3 years at a compound interest rate of 10%

Answer 1

Answer:

1323/10.5*100=12600

Answer 2

answer:Rs1200

Step-by-step explanation:

let amount be X

X(1+5/100)^2=1323

X=1200