A sum is invested at compound interest payable annually.the interest in two sucessive years was rs.500 and rs.540.the sum.was
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it means at 500 interest is rs(540-500)=40 in 1 year
so rate %= 40×100/500=8%
again, a/q
8%=500
100%=500×100/8=6250
sum= 6250
so rate %= 40×100/500=8%
again, a/q
8%=500
100%=500×100/8=6250
sum= 6250
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