A certain sum of money amounts to
1344 in 3 years and 1440 in 5 years.
Find the sum and rate of interest.
Answers
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Step-by-step explanation:
si in 2 years= 1440-1344
= 96
in 1 years = 96/2= 48
sum = 1344- (48× 3)
= 1344-144
= 1200
rate = 48× 100/1200= 4%
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