A sum of money amounts to 7833.71 in 3 years and 7303.14 in 2 years. Find the rate of interest .
Answers
Answered by
8
Step-by-step explanation:
Rate =[( 7833.71 - 7303.14)/7303.14 ]* 100
= (530.57/7303.14 ) *100
= 7.26%
Answered by
0
Step-by-step explanation:
rate = (78337-7303.14) 1703.14)*100 =530.57/ 7303.14* 100=7.26
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