Question

A sum of money invested at a compound interest annually. The amount of interest in two successive years are rupees 2798 and rupees 2987 . Find the rate of interest​

Answer 1

Step-by-step explanation:

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a sum of money is invested at compound interest payable annually. The interest in the two successive years is ₹225 and ₹240. To find: Find: (i)the rate of interest (ii)the original sum (iii)the interest earned in the third year.