a sum of money amounts to 6200 in 2 years and 7400 in 3 years. The principal and rate of interest are
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Answered by
4
Answer:
principal 3800
and interest rate 31.58
Answered by
16
Answer:
7400-6200=1200
1200×2years=2400
P=6200-2400
P=3800
Now rate
I=S-P
I=7400-3800
I=3600
I=PRT
3600=3800×3t
t=0.3%
t=31.5789
I hope it will help you......
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