Question

A sum of money amount to Rs. 6,200 in 2 years and Rs. 7,400 in 3 years. The principal and rate of interest are

Answer 1

Step-by-step explanation:

7400-6200-1200

12002(Years) 2400

P=6200-2400

P=3800

Now Rate:

I=S-P

I=7400-3800

1-3600

I=Prt

3600-38003t

t=0.31%

t=31.5789