Business Studies, asked by Vinuth1490, 1 year ago

Calculate the sum of money on which the compound interest for 2 years

Answers

Answered by Anonymous
0

Explanation:

So rate of interest is 15/300 x 100 = 5%. The annual compound interest on sum of money for 2 years and 3 years are Rs. 210 and Rs. 331 respectively . Find the interest rate and principal. The compound interest on a certain sum is Rs. 209 and the simple interest is Rs. 200 for 2 years.

Answered by Anonymous
2

the rate of interest will be double by the sum of money on which compound interest for 2 years

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