a certain sum of money amounts to 7028rupee in 3years and 8456rupees in 5years . find the sum and the rate of interest
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Answer:
R = 14.61%
Sum = 4886
Step-by-step explanation:
Given:
P + 3PR/100 = 7028
Also, P + 5PR/100 = 8456
Equating:
PR = 71400
So, When R = 14.61 % & P = 4886
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