a certain sum amounts to rupees 5292 in 2 years and with 555 6.60 in 3 years interest being compounded annually find the rate of interest and the original sum
WITHOUT USING FORMULA
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Sum amounts to rupees 5292 in 2 years and with 5556.60 in 3 years. To Find: Rate of interest and the original sum. 2) This is the scaling factor of the rate of the interest for the one year and rate is obtained as 1/20 which is 5%.21-Mar-2018
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