Question

A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?

Answer 1

the amount after two years being the principal for third year

so , P for third year = 2420 rs

A after third year = 2662 rs

so interest for third year = 2662 - 2420

= 242

R = ?

242 = 2420 × 1 × R / 100

R = 242 × 100 / 2420

R = 10 pcpa

Answer 2

Answer:

10%

Step-by-step explanation:

Rs.2420..............be.........2 years.

Rs.2662..............be.........3 years.

Rs.(2662-2420)=242...........be...........1 year

So,

2420.................242................1 year

1...................242/2420

100.............(242/2420) * 100 = 10%

.......................Thanks.......................