Acertain sum of money at compound interest become 7396rs in two year and 7950.70 in three year .find the rate of interest
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A for 1 year = rs 7396
p= p
t =2
r=r
A=(1+r/100)^2... eq 1
in the second case
A=7850.70
t=3
A=(1+r/100)^3
now put the
amount value
divide both eq
then put r value in eq .. 1
u will get ur answer
p= p
t =2
r=r
A=(1+r/100)^2... eq 1
in the second case
A=7850.70
t=3
A=(1+r/100)^3
now put the
amount value
divide both eq
then put r value in eq .. 1
u will get ur answer
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