A certain sum of money at compound interest becomes ₹7,396 in two years and ₹7,950.70 in three years. Fine e the rate of interest
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Given principal be Rs x and rate of interest be y%
Given it becomes Rs 7396 in 2 years
It is also given that principal Rs x becomes Rs 7950.70 in 3 years.
Divide (2) with (1), we get
∴ y = 7.5
Thus the rate of interest is 7.5%.
Given it becomes Rs 7396 in 2 years
It is also given that principal Rs x becomes Rs 7950.70 in 3 years.
Divide (2) with (1), we get
∴ y = 7.5
Thus the rate of interest is 7.5%.
Abhishekpaswan:
please give me the answer in detail
I have not understand
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