A certain amount of money amounts to Rs 4400 in 2years and to Rs 4600 in 3 years.Find the principal and rate of interest?
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si of 1year= 4600-4400=200
principal = 4400 - (200*2)=4000
rate= 200/4000 *100=5%
principal = 4400 - (200*2)=4000
rate= 200/4000 *100=5%
Answered by
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Answer:
principal is 200
Rate is 5 percent
Hope it helps you
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