Question

A SUM OF MONEY AT COMPOUND INTEREST YIELDS Rs. 200 AND 220 AT THE END OF FIRST AND SECOND YEAR RESPECTIVELY THEN THE RATE IS

Answer 1

Answer:

Sum = Rs 2000.

The compound interest for first and second years is 200 and 220 on a certain amount.

In second year, Rs 20 is simple interest on Rs 200 which is interest for one year on principal sum.

So rate of interest = 20*100/200 = 10%

Principal = 200*100/10*1= Rs 2000.

Step-by-step explanation:

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Answer 2

Answer:

ANSWER RS.2000

Step-by-step explanation: