Question

A man invested a sum of money at compound interest. It amounts to 2420 in 2 year and to rs 2662 in 3 years find the sum

Answer 1

Answer:

Step-by-step explanation:R %=2662−24202420×100

=2422420×100=10

2 years CI %=10+10+10×10100

=21 %

So, 121 %=2420

100 %=2000

Answer 2

Answer:

10%

Step-by-step explanation:

Rs.2420..............be.........2 years.

Rs.2662..............be.........3 years.

Rs.(2662-2420)=242...........be...........1 year

So,

2420.................242................1 year

1...................242/2420

100.............(242/2420) * 100 = 10%