Math, asked by funtush64, 10 months ago


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.​

Answers

Answered by nithishsai2004
16

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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