A certain sum of money amounts to 5292 in
2 years and to 5556.60 in 3 years at compound
Intrest. Find rate and sum of money.
Answers
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Sum after 2 years =Rs.5292
Sum after 3 years =Rs.5556.60
Interest for onr year =5556.60−5292=Rs.264.60
C.I for 1 year = S.I for 1 year
Interest=
100
PRT
⇒264.60=
100
5292×R×1
⇒R=
5292
264.60×100
=5%
Sum after 3 years =Rs.5556.60
Interest for onr year =5556.60−5292=Rs.264.60
C.I for 1 year = S.I for 1 year
Interest=
100
PRT
⇒264.60=
100
5292×R×1
⇒R=
5292
264.60×100
=5%
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