Question

A sum of money to₹7833.71 in 3 years and₹7303.14 in 2 years. Find the rate of interest

Answer 1

Answer:

$= 7.26%$

Step-by-step explanation:

$Rate=\frac{[( 7833.71 - 7303.14)}{7303.14} X 100$

$= \frac{530.57}{7303.14} X 100$

$= 7.26%$