Question

Given, the difference between simple interest for
2 years and compound interest for 2 years on
the same sum and at the same rate of interest
compounded annually is 3120. The difference
between simple interest for 3 years and compound
interest for 3 years on the same sum and at
the same rate of interest is 7366. Find the rate
of interest​

Answer 1

Answer:

Square footage. Given, the difference between simple interest for

2 years and compound interest for 2 years on

the same sum and at the same rate of interest

compounded annually is 3120. The difference

between simple interest for 3 years and compound

interest for 3 years on the same sum and at

the same rate of interest is 7366. Find the rate

of interest