a certain sum of money at compound interest becomes Rs.7,396 in 2 yrs and Rs.7,950.70 in 3 yrs. find the rate of interest.
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Difference between c. i. of any two consecutive years is equal to si calculated on small ci for year
7950.70-7396=P.r.t/100
554.7=7396*r*1/100
554.7*100/7396=r
7.5=r
7950.70-7396=P.r.t/100
554.7=7396*r*1/100
554.7*100/7396=r
7.5=r
chopratrisha30:
why u takes 7396 as principal ??
see i said in my above statement that difference between c. i. of any two consecutive years is equals to the si calculated on the smaller c. i. for a year and the smaller c. i. is 7396
thanku
u r champ
okay okay
no problem
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