A sum of money amounts to 2520 in 2 years when lent out on compound interest (annually)
The same sum of money amounts to 2646 when lent out for 3 years on simple interest. Find
the rate of interest.
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Interest is 2646-2520= ₹126 on next one year.
In one year CI and SI are same.
So, I=PRT/100
126=2520×R×1/100
R= 5%
PLEASE MARK IT AS THE BRAINLIEST.
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