Math, asked by ssubhamsahu2000, 10 months ago

A man invest RS 2000 for 3 years. He also invests RS 1600 for the same period, but at a rate 2% higher than the first. Then transactions enable him to earn an invest of RS 996 at the end of the three years. Find the two rate of interest

Answers

Answered by sahushobhit225

7

Step-by-step explanation:

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Answered by rakhi3chulet

21

Answer:

Step-by-step explanation:

Interest on rs.1600 for 3 years at 2%

= Rs.96

Total interest= 996-96

=990

This is the interest of Rs.2,000+ 1600 of R% for 3 years

Hence,

900=3600*R*3/100

R= 900*100/3600*3

= 25/3

=8.33

So, rate for rs.2,000 is 8.33%

And rs.1600 is 10.33%

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