Question

A certain sum of money amounts to ₹1250 in one year and ₹1373 in two years at Compound interest . Find the rate of interest and the sum of money​

Answer 1

Answer:

here

Step-by-step explanation:

=10% see in picture and understand

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Answer 2

Step-by-step explanation:

It is given that

Amount after one year = 1250

Amount after two years = 1375

Here the difference = 1375 - 1250 = 125

So 125 is the interest on 1250 for 1 year

Rate of interest = (SI×100)/(P×t)

Substituting the values

=(125×100)/(1250×1)

=10%

Sum of money =1250+1375 =2,625