Business Studies, asked by Krutika1529, 1 year ago

A sum amounts to 8820 in 2 years and rs 9261 in 3 years compounded annually find the rate and the sum

Answers

Answered by aditijaiswal810

17

Answer:

INTEREST=9261-8820

=441

r=100×interest/p×t

r=100×441/8820×1

r=5%

NOW ASSUMING P=x find the principle.

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