A sum of money invested at compound interest amounts to 800 in 3 years and to 840 in 4 years. what is the rate of interest at per annum?
Answers
Answered by
7
hola there,
Explanation:
S.I. on Rs.800 for 1 year
=Rs[840 - 800]
= Rs.40
Rate
=(100x40/800x1)%
= 5%
Explanation:
S.I. on Rs.800 for 1 year
=Rs[840 - 800]
= Rs.40
Rate
=(100x40/800x1)%
= 5%
Answered by
3
Answer:
Simple interest for one year=840−800=40Rs.
Rate of interest=
800×1/
40×100
=5%
Step-by-step explanation:
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