a certain sum of money at compound interest become ₹7396in two years and₹7950.70 in three years. find the rate interest
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442 is the ans of this question
Anonymous:
no the ans. is 7.5%
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Amount = Rs. 7950.70. Principal = ₹7396 Time =2 years , for one year = 7950.25-7396 =554.70 rate of interest =554.70×100/7396×1=55470/7396=15/2%
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