Question

A sum of money put out at an ci amounts in 2 years to 578.40 and in 3yrs to 614.55. Find the rate o interest

Answer 1

Step-by-step explanation:

Clearly the difference between Rs. 578.40 and Rs.614.55 is the interest on Rs. 578.40 for 1 year.

∴ Interest on Rs. 578.40 for 1 year = Rs. 614.55 - Rs. 578.40 = Rs. 36.15

∴ Interest on Rs.100 for 1 year = Rs. (36.15 x 100)/578.40

= Rs. 3615/57840 x 100/1

= Rs. 6.25

= Rs. 61/4

∴ The required rate is .61/4 percent.

hey mate here is your answer ↖️