Question

A certain sum of money amounts to ₹7260 in 2years and to ₹7986 in 3 years interest being compounded annually . Find the rate per cent annum

Answer 1

Answer:

Step-by-step explanation:

A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years.find ... Now interest of third year = 8575 - 7350 = 1225; means principal for this ... Compound interest on a certain sum for 2 years at the rate of 11% per annum is Rs 1160.5. ... interests compounded annually on a certain sum of money for 2 years at 18% ...