Question

a certain sum amount to 5292 in 2yrs and 5556.60 in 3yrs at compound interest.find the amount and sum​

Answer 1

Answer:

Step-by-step explanation:

As we know, Equation of S.I. (Simple interest)

S.I. = P*R*T/100

Let suppose Amount = X

So, (5292-X) = X*R*2/100: X = 4725 and R  = 6%