a certain sum amount torupees 5292 in 2 years and rupees 5556.60 in 3 years interest being compounded annually find the rate of interest and the original sum
Answers
Answered by
4
amount after three years = 5556.60
amount after two years = 5292.00
intrest after second year = 264.60
I = pr/100
264.60 = 5292r/100
264.60 = 52.92r
r = (264.60/52.92)*(100/100)
r = 26460/5292
r = 5
amount after two years = 5292.00
intrest after second year = 264.60
I = pr/100
264.60 = 5292r/100
264.60 = 52.92r
r = (264.60/52.92)*(100/100)
r = 26460/5292
r = 5
Similar questions