Question

A sum of money is invested at compound interest
payable anually. The interest in two successive yers
in 22 5 & 240 Find the rate of interest
the original sum , The I earned in third year
​

Answer 1

Answer:

7%, 3214.28/- , 256.8

Step-by-step explanation:

difference between 2years interest is 15

x% of 225 is 15

approximately it is 7% pa

225= p*7*1/100 => 3214.28/-

3rd year u will get 240+ 7% of 240= 256.8