A sum of money amount to 6,200 in 2 years and 7100 in 3 years. The principal
rate of interest are
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Step-by-step explanation:
The principal amount is Rs 3800 and the rate of interest is 31.57%. Given: Given that A1 = 6200 and T1 = 2. A2 = 7400 and T2 = 3. To find: We have to find the principle and rate of interest. Solution:.
Top answer · 52 votes
7400-6200=120012002(Years)=2400P=6200-2400P=3800Now Rate:I=S-PI=7400-3800I=3600I=Prt3600=38003tt ... More
6 votes
The principal amount is Rs 3800 and the rate of interest is 31.57%Given:Given that A1 = 6200 ... More
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