compounded at same rate of interest a certain sum of money amounts to rupees 58080 after 2 years and rupees 63888 after 3 years. What is the sum?
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Step-by-step explanation:
Interest on Rs. 10580 for 1 year
=Rs.(12167−10580)
=Rs.1587
∴Rate=(
10580
100×1587
)% = 15%
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