compounded at the same rate of interest a certain sum of money amount to rs 58080 after 2 years and rs 63888 after 3 years what is the sum?
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Step-by-step explanation:
Difference between the C.I of two successive half -years=760.50−650=110.50
Time =6 months=
12
6
=
2
1
years
Rate of interest=
C.Iofprecedingyear×time
DifferencebetweentheC.Ioftwosuccessiveyear×100
∴Rate of intereast=
650×1
110.50×100×2
=34%
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